Lumpsum Amount of 30k

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Last Comment 2023-01-24

2023-01-22

I want to invest lumpsum amount of around 30k for long term (around 2-3 years).
I know it's not much, but that's what I want to put in.
Any best direct mutual funds? Or any other suggestions?

Should I do direct growth plan or regular growth plan (via an agent)?

Appreciate your suggestions :)
Thanks.

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https://www.desidime.com/discussions/lumpsum-amount-of-30k?page=1#post_9044881

MagicalChat

2023-01-23

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30% small cap 40% large cap 40% Medium cap .

Search any such Mutual fund or biffercate in 2 mutual funds

Go for Direct type. Redeem whenever u get more than 25% absolute returns or stay 5 years whichever is earlier.

https://www.desidime.com/discussions/lumpsum-amount-of-30k?page=1#post_9046750

Ramta_Jogi

2023-01-24

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25% absolute .... That is less than 5% returns over 5 years....which is less than current FD rates. Better give him target of returns over 2-3 years.

https://www.desidime.com/discussions/lumpsum-amount-of-30k?page=1#post_9044979

bikidas2060

2023-01-23

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Give it to me. I will buy dry fruits, eat em n groww side wise only. 🐒🐒🐒🐒

https://www.desidime.com/discussions/lumpsum-amount-of-30k?page=1#post_9044981

bikidas2060

2023-01-23

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Btw buy directly from AMCs.

https://www.desidime.com/discussions/lumpsum-amount-of-30k?page=1#post_9045457

BlueFlash

2023-01-23

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2-3 years is not long term by any yardstick. Not at all recommended in equity. Won't recommend debt MF too as significant taxation benefit comes into play post 3 years. Better to just stick with a high return FD, a lot of them are giving 7.5% for that time period.