Hello. I've been hearing a lot about MF investments and how it is a great way to generate income with less amount of investments. But its been a week since I've actually started reading about the basics of trading and MF investments and I feel I can start investing. It would be great be you all can suggest a portfolio for me. I am looking to invest Rs 2000 for long term.Asked
It is great that you have decided to start investing. The earlier you start, the better it is.
The most important question to answer before investing - what is the purpose?
Here are some recommendations that you can check to get started with Rs 2000:
Long Term SIP
If you are planning to build wealth in long term, it is good to invest in small cap and mid cap funds. These funds carry high risk but give high returns in long term. Check out this portfolio with two funds - Long Term SIP for Rs 2000
It consists of two funds - Reliance Small Cap Fund (a small cap fund) and Mirae Asset Emerging Bluechip Fund (a mid cap fund)
Tax Saving ELSS Funds
On the other hand, if you want to save tax, a basket of ELSS funds is the way to go. With Rs 2000 you can diversify across 3 ELSS funds. Check out this portfolio with four funds - Best Tax Saving ELSS Funds
Better than FD
Or if you just want to invest in low risk funds and get better than FD returns, you can consider investing in debt funds. Debt funds carry lower risk than equity funds and can provide better returns than fixed deposits. Check out - Better than FD returns with debt funds
So it depends on what is your objective of investing. Mutual funds are the best way to invest for retail investors and it is good that you have decided to start investing. Do think about what your purpose is - experts at Groww can help after that.