Hi,
I am 29, over a period of 3 years invested around Rs6 lakhs in mutual fund, mostly equity based fund.
All my investment is for my retirment, say 25 years from now. As per my MF agent suggestion i have invested this money across 45 funds.
Here is my question.
1) Is it a good idea to invest in so many funds or should i restrict the number of funds?
2) I plan to invest mostly in equity based fund until i turn 35, then split my investment with a combination of equity & debt fund along with some Fixed deposit. Is my plan the right one?
Thanks
Suresh
I am 29, over a period of 3 years invested around Rs6 lakhs in mutual fund, mostly equity based fund.
All my investment is for my retirment, say 25 years from now. As per my MF agent suggestion i have invested this money across 45 funds.
Here is my question.
1) Is it a good idea to invest in so many funds or should i restrict the number of funds?
2) I plan to invest mostly in equity based fund until i turn 35, then split my investment with a combination of equity & debt fund along with some Fixed deposit. Is my plan the right one?
Thanks
Suresh