You can easily create a mutual fund portfolio if you adopt a goal-based investment strategy. For example, if you start investing for your various financial goals - both short-term and long-term - you would automatically build a diversified portfolio. If you invest a small sum regularly without bothering about the market conditions, you would be able to create a large corpus over a long period. Meanwhile learn about mutual funds and basics of investments and once you gain some experience, invest in riskier options like mid cap and small cap scheme. As said earlier, identify your goals, quantify them, provide for inflation and start investing regularly to achieve them.

Source: Economic Times January 24, 2020 05:48 UTC