Where should I invest a lumpsum of Rs 3.5 lakh?
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Since you have an investment horizon of 10 years and a high risk appetite, you may consider investing in equity mutual fund schemes. If you want to take moderate risk, you may invest in multicap schemes. If you want to take a higher risk, you may also invest in midcap schemes. However, if this is your only/first mutual fund investment, you should stick to largecap schemes or multicap schemes.
Best largecap schemes to invest in 2018
Best multicap schemes to invest in 2018
Instead of committing the entire money at one ago, it is better to scatter your investments over a few weeks or months to avoid catching the market at a certain level.
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