Should I invest in equity mutual funds now. What is the short term outlook and long term outlook. Assume 40% of my money is already in equity mutual funds and rest in cash/debt.
Also I'm an aggressive investor with very long term outlook but also seek short term benefit from certain trends.
First, take care of emergency fund needs via savings account in a local bank or via net banking. Take care of your & your dependents medical insurance either through your employer or directly. Get a life insurance via term policy.
If you are in 20s or 30s you can invest upto 80% in equity and the rest in debt mutual funds. Assuming you hold all the equity in well-diversified and well-managed funds, I would suggest keeping atleast 60% of that amount in large cap funds like DSPBR Top100, Fidelity equity. Keep 20-30% of that amount in mid and rest in small & micro caps.
Should I invest in equity mutual funds now. What is the short term outlook and long term outlook. Assume 40% of my money is already in equity mutual funds and rest in cash/debt.
Also I'm an aggressive investor with very long term outlook but also seek short term benefit from certain trends.