Ask ET Mutual Funds: Where can I invest a lumpsum of Rs 1.5 lakh?

Kindly suggest a mutual fund where I can invest a lumpsum amount of Rs 1.5 lakh for three years.

--Biswadip Gigi Sasaru

Chirag Gokani, Founder, WealthWiz Advisors, responds:


Currently markets are trading at rich valuations. If you want to invest for a period of three years, I would suggest you to invest in a fund with dynamic asset allocation strategy. It would limit the downside risk.

You may consider investing in following funds

- ICICI Prudential Balanced Advantage Fund – Equity Taxation
- DSP BlackRock Dynamic Asset Allocation Fund – Debt Taxation


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