Hello!
Yes, you certainly can.
There are two ways to invest in a mutual fund, that being:
(a) SIP
(b) Lumpsum
SIP:
An SIP in an investment process in which you invest anywhere between a minimum amount mentioned in the fund to an amount of your choice, it would be ideal to invest your desired amount every month.
Lumpsum:
This is the amount you pay to buy a certain units of the fund all at once. Every fund has a minimum amount for a Lumpsum investment as well, and you can always choose to invest as much as you like all at once.
Say you do a lumpsum investment of ₹50,000 in a fund which promises 8% over three years, you would ideally have ₹54,000 at the end of three years.
On the other hand if you plan to do an SIP in a fund that promises 12% over three years wouldn’t get you ₹56,000 at the end of three years as you’re buying some units of the fund at different times over the year.
Head over to Jama Financial Planning to get an idea about the funds you would like to invest in.
You would save money by investing in Direct Mutual Funds than your regular mutual funds as they have a broker incentive.
