Business

Mutual Fund Corner: Best mutual funds to invest for long-term

Updated : January 22, 2019 06:48 PM IST

Want to invest in mutual funds but don’t know how to go about it?

Get all your mutual fund related queries answered by our expert, Sharad Singh, chief executive officer and founder, Invezta.com, on our show Mutual Fund Corner.

Q: 31-year-old Chintan Shah writes us from Mumbai. I am investing in Aditya Birla Sun Life Pure Value Fund, SBI Magnum MidCap Fund and IDFC Tax Advantage (ELSS) Fund-Growth via SIP. Is it good for long-term investment since I am investing from the last one year? If not, what to do and in which fund should I invest?

A: The ELSS fund solves your tax 80C needs, so only invest up to the tax saving needs. Keep rotating after three years and can look at Tata Tax Saving etc. You can switch the pure value fund to Frontline Equity within the same fund house. Have the time frame and goals in mind for asset allocation.

Click here to watch the full episode of Mutual Fund Corner

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

Mutual Fund Corner: Best mutual funds to invest for long-term

You May Also Like

Coronavirus News LIVE Updates: 6,875 new cases in Maharashtra; over 1,200 test positive in Uttar Pradesh

TCS Q1 earnings: Profit, revenue miss street estimates; management says worst over

Gold zooms Rs 232, silver gains Rs 1,275

Trending on CNBC-TV18

recommended for you