A noob question mf and stocks for long term as on 2024
Hi need suggestiona on investing 3 lakshs on stocks and mfs suggest me some good mf or stocks for 5 years atleast in don't touch
MF:
1. Parag Parekh flexi cap direct
2. Mirae asset large and mid cap direct
Stocks:
TATA POWER
RIL
PNB
Don't invest in stocks if you are new to stock market. Things can change very quickly for a stock (even bluechip ones) and unless you keep tracking the stock you won't know of it until the price has tanked. But if you still want to, invest an amount that you won't mind losing.
Regarding MFS, don't invest all at once. Put your money in a liquid or debt fund for now and withdraw around 25-50k each month and invest like a monthly SIP. If you see a 10-20 pcnt correction you can increase the monthly amount or put all of it. Regarding specific mfs, I'd recommend starting with a nifty index fund.
DesignTinker
Stealth
8 months ago
If you have a high risk profile
1. 1.5 L in large and mid cap
2. 25k SIP in small cap fund
If you have medium risk
1. HDFC Balanced advantage fund - 1L
2. Large and Midcap fund - 2 L
Qwerty2398
Stealth
8 months ago
There is nothing called as long term. Buying something for long term is like buying a wall clock because it will become an antique when it gets old.
Evaluate a company as on today. The people who say valuation is based on future earnings, they lied..
PitifulCode
Stealth
8 months ago
Over longterm both ETF and Mutual funds give the same returns.
I'd say invest in NIFTYBEES and JUNIORBEES as they have lower expense ratios.
CoffinCat
Stealth
8 months ago
I’m going heavy on PNB.
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