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Suggest MFs for 50 lacs lumpsum for long term
Hi, I am looking to invest lumpsum around Rs. 50 lacs in MFs with a long term horizon (10+ yrs). Please suggest which specific MFs to invest in? Because of long term horizon, my risk appetite is medium to high (I mean I won't be bothered by any major fluctuations in pf value in short or medium term). My current portfolio: My present investment is 38 lacs invested directly in stocks (most of it invested in last 2 months), which is showing minus 4.5% returns. (I am not bothered about it since these are for long term too, and I believe in these companies. Mentioning here for info only, to help you advise me, if it is relevant). I am also doing a small monthly sip (started it 3 yrs back with 5k, increased recently to 15k) in icici prudential bse sensex index fund direct growth. Currently total invested in this is only 2.3 lacs with +11% returns. Other than these, I have good amount invested in physical gold and FDs. The amount I am going to invest in MFs is separate from these, idle funds. Please advise specific MFs. Thanks in advance.1
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