The answer depends on what your investment objective is.
- If it is just to build wealth for the long term, then go for equity funds.
- If it is to park cash and get better than bank returns, go for liquid or debt funds.
- If you wish to save tax, go for tax saving equity funds (ELSS funds).
Invest as per your risk appetite – Get a free scientific risk profile done here.
Make sure you invest only Direct Plan variants of the Mutual Funds. You then get upto 40% more in long term portfolio size by avoiding commissions and brokers.
If already invested, then switching to direct is really easy. Click here to start your switch.
