Best mutual funds to invest for a new investor

I want to invest in mutual funds. My goal is to get returns of at least Rs 5 lakh in the next 10 years. I want to invest through SIPs and my risk is low to moderate. Please guide me.
–Girish Patil

We always ask investors to choose mutual funds based on their goals, investment horizon and risk tolerance. This is to make them understand the rationale behind investing in some schemes. However, we believe if investors do not understand the basics of mutual funds and investing, they should seek the help of a mutual fund advisor. Trial and error methods often end in losses of money and precious time. Many investors also lose hope.

You want to build a corpus of Rs 5 lakh in 10 years. You have to understand that your goals can become expensive because of the impact of inflation. So, be mindful about this aspect. Assuming an annual return of 12%, you need to invest around Rs 2,152 every month to create a corpus of Rs 5 lakh in 10 years.

If you want to create without too much volatility, you may consider investing in large cap mutual funds. These schemes invest in very large companies. These companies are more stable than mid and small sized companies. Here are our recommended schemes:
Best large cap funds to invest in 2022.

If you are a moderate investor, you may invest in flexi cap funds. These schemes have the freedom to invest across market capitalisations and sectors. They are ideal for moderate investors to achieve long-term goals. Here are our recommended schemes: Best flexi cap schemes


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