investment: Where should I invest Rs 60,000 to earn 12-15% return over the next three years?

Story outline
Equity is a very volatile asset class and currently, the markets are at high levels.
Double-digit returns can be achieved over the long run.
Double-digit returns can be achieved over the long run.
I am 22. I want to invest Rs 60,000 that I received as RD maturity amount. The portfolio should generate 12-15% per year over the next three years.
Rushabh Desai, AMFI registered mutual fund distributor replies: To earn double-digit annual returns, you will need to invest your corpus in equity mutual funds. Equity is a very volatile asset class and currently, the markets are at high levels. Thus your portfolio may not be able to earn 12-15% annual returns over the next three years. Double-digit returns can be achieved over the long run. As you are just 22, you can take the risk and hold your investments for a much longer time to earn double-digit returns. You could invest in the following equity mutual funds under the guidance of an adviser, with a minimum holding period of 10 years. Invest in equal proportions in Mirae Asset Focused, Invesco India Contra, Axis Midcap, DSP Small Cap and Motilal Oswal S&P 500 Index Fund. If you must invest for only three years, stick with high-quality bank deposits and debt mutual funds in the corporate bond and banking and PSU categories.

Related Keywords

Adhil Shetty , Rushabh Desai , Motilal Oswal , Index Fund , Mirae Asset Focused , Invesco India Contra , Axis Midcap , Senior Citizen Savings Scheme , Pradhan Mantri Vaya Vandana Yojana , Systematic Withdrawal Plans , Economic Times News App , Daily Market Updates , Live Business , ருஷாப் தேசாய் , மோட்டிலால் ஒசுவள் , குறியீட்டு நிதி , மீரே சொத்து கவனம் , இன்வெஸ்கோ இந்தியா கான்ட்ரா , மூத்தவர் குடிமகன் சேமிப்பு திட்டம் , ப்ர்யாட்ஹந் மந்திரி வயா வந்தனா யோஜனா , முறையான திரும்பப் பெறுதல் திட்டங்கள் , பொருளாதார முறை செய்தி செயலி , தினசரி சந்தை புதுப்பிப்புகள் , வாழ வணிக ,