Mutual funds for new investor to invest and learn

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

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I am new to mutual funds. I am trying to learn about it. I would like to invest Rs 5,000 for the long term - at least for 10 to 15 years. I want to split it (R 2,000, Rs 2,000, Rs 1,000) between three funds. Can you please suggest something that will help me to take the correct decision.
-Prem Kumar

We always ask investors to adopt a goal-based investing approach. Also, choose their mutual funds based on their risk profile and investment horizon. For example, since you are investing for a very long-term and ready to take necessary risk, you might invest in equity mutual funds for your long-term goal. Further, if you are a conservative equity investor, you might choose large cap mutual funds or aggressive hybrid funds. If you have moderate risk appetite, you may choose multi cap mutual funds to invest. If you have a very high risk tolerance, you might choose mid cap mutual funds. This is a better way to educate yourself about investing in mutual funds.

A word of caution: if you are not sure of basics of mutual funds, you should seek the help of a mutual fund advisor to tackle the current turbulent period in the markets. This is not the time to be adventurous in the market.
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