InvestorQ : Which are the best mutual funds portfolio as a novice investor and beginner wherein i want to invest 20k per month in sip for wealth creation 7-10 years
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Which are the best mutual funds portfolio as a novice investor and beginner wherein i want to invest 20k per month in sip for wealth creation 7-10 years

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Pratik vyas answered.
1 year ago
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Firstly, it is nice to know that you are planning to invest in mutual funds for 7 to 10 years since wealth creation doesn't happen overnight.

Mutual funds are one of the best options for investors to invest their money and create long-term wealth. It is also one of the safest investment options in the otherwise volatile equity market. Mutual Fund is nothing but a collection of money from multiple people which can be used to derive a mutual benefit. Secondly, there are few parameters will help you make an investment decision:

Decide your investment portfolioSelect the right funds Lump sum or SIP Monitor your portfolio

For the further detailed answer, you can check the link here. I have tried to explain it in a simple way :

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