Where should I invest Rs. 5000? I don’t want to invest this amount on a regular basis or a monthly basis.

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.

Maxiom Wealth — Free Tool

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