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Mutual Fund Investment: Top picks that can help you achieve goals

Mutual funds investment advisors have been repeatedly telling that an investor should focus on his or her goals rather looking at its return while choosing a plan.

Mutual Fund Investment: Top picks that can help you achieve goals
For long-term goals ranging from 20-25 years, one needs to invest in equity funds while in mid-term investment goals, it better to invest in balanced funds.
By ZeeBiz WebTeam
Updated: Fri, Jun 14, 2019
01:58 pm
New Delhi, ZeeBiz WebDesk
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Mutual fund investments are subject to market risk. This makes the selection of a mutual fund plan tricky because one bad selection can change the fortunes of the investor. The investment advisers always urge people to focus on goals and invest accordingly instead of keeping returns in mind. So, there is an urgent need for mutual fund investors to change their mindset while investing.

See Zee Business video below:

Elaborating upon how one can achieve ones' investment goals Tanveer Alam, MD at Fincart told Zee Business TV, "To achieve one's investment goals, the firtst thing that a mutual fund investor needs to do is to look at his or her goal, not at the return that a mutual fund plan would give." He said that for long-term goals ranging from 20-25 years, one needs to invest in equity funds while in mid-term investment goals, it better to invest in balanced funds. 

Asked about his top picks in large-cap, mid-cap and small-cap mutual funds Tanveer Alam, MD at Fincart gave his top picks which are as follows:

Large-cap mutual funds: ICICI Pru Focused Bluechip Equity Fund, Reliance Bluechip fund, SBI Bluechip Fund

Mid-cap mutual funds: Kotak Standard Multicap Fund, Motilal Oswal Multicap 35, HDFC Mid-cap Opportunity Fund, Mirae Asset Emerging Bluechip Fund

Small-cap mutual funds: Reliance Small-cap fund, Franklin India Smaller Companies Fund

So, if an investor follows the above-given tips while investing in mutual funds and chooses any of the top picked mutual funds, he or she can expect to achieve his or her investment goals, Alam said.