While you focus on equity mutual funds for wealth creation, let us also look at how debt funds can play a bigger role in your portfolio.
Mutual fund investing makes money in long term. It is better to take SIP route after taking stock of your goals, risk profile and financial status
Capital protection is important in old age and so it is good to look at low risk investment products. Here is a comparison of four such products - Nationalized Bank FDs, Varishtha Pension Bima Yojana, Postal MIS and Jeevan Akshay VI Pension Plan.
If you have just started earning, then consider these basic rules of investing, as you shape your finances. Setup emergency corpus, have your own health insurance, secure your dependents, save substantially, focus on risk management, start goal based savings and pay attention to asset allocation principles.