For goals that are five to seven years away, consider investments in large-caps, aggressive hybrid funds and the more conservative schemes in the large-and-mid-cap and multi-cap categories. Buy liquid funds, ultra-short funds and low duration funds, in that order. Equity fund categories such as focused funds, value or contra funds, small-cap funds can find a place to give portfolio returns a lift. There will be variations in strategy and style that will impact the risk and return of the scheme. Use the factsheets of mutual funds to understand more about the returns and risks in a scheme before investing.

Source: Mint July 21, 2019 05:56 UTC