News From Press Ask ET Mutual Funds: Where should I invest a lumpsum of Rs 30,000?

Ask ET Mutual Funds: Where should I invest a lumpsum of Rs 30,000?

Source: Economic Times May 13, 2017

I am 29 years old. My aim is to create wealth and I am willing to take some risk. I am investing Rs 3,000 per month via SIP in Axis Long Term Equity Fund since April 2016. I want to invest Rs 30,000 as a lumpsum in a high returning mutual fund scheme. Also, I want to start a new SIP of Rs 2,000 per month in a high returning fund which I plan to increase by 20 per cent every year. Can you please suggest me some MFs?

--Mervin D'souza

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