So, it is not possible to say specifically whether these schemes are good for you. You can also invest the extra amount you want to invest in them. How long you should invest depends on your financial situation, goal, etc. However, you should always invest in equity mutual fund schemes with an investment horizon of at least five to seven years. Equity is not suited for short-term investments and it can be extremely risky in the short term.

Source: Economic Times June 14, 2017 06:45 UTC