I want to invest a lumpsum in mutual funds. But I also want to maintain intervals. For example, I want to invest Rs 5,000 in September 2019, then Rs 5,000 or Rs 10,000 or Rs 20,000 after a few months or years, whenever I have some money. How is it possible? And which mutual funds should I choose? Pankaj Maalde, a certified financial planner, responds:
--Mintu Das
Investing in mutual funds is so flexible that you can invest monthly or a lumpsum as and when the money is available. You can set a monthly SIP where a fixed amount is invested every month on a particular date. Even if you do not invest any month, your earlier investments won’t be impacted.
However, you should know your financial goals and investment horizon before investing. The investment horizon will help you to make the correct asset allocation. Equity comes under high-risk, high-return category and it is suitable for long-term investments, say, over five years. I would advise you to consult a professional advisor before starting any investment.
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