Moneycontrol
HomeNewsBusinessPersonal FinanceWant to invest in mutual funds? Here’s help on choosing the right scheme categories
Trending Topics

Want to invest in mutual funds? Here’s help on choosing the right scheme categories

Depending on the time horizon of your investment, the fund categories would be vary

October 01, 2021 / 10:30 IST
Story continues below Advertisement

There are far too many of mutual fund categories out there. And they can be all too confusing. Picking the unsuitable ones can really hamper the chances of your investments doing well.

So, in this article, we shall try to keep things simple. We just look at the categories suitable for your goals that are one, three, five and 10 years away. And we also consider different investor types (Conservative, Balanced and Aggressive) while picking these categories.

Story continues below Advertisement

MF Categories for 0-1 years

Equity funds are a straight no. Just keep it simple and go for pure debt. For different investor types, the following may be suitable.