Synopsis
If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
Getty Images
I am Prashanth. I am planning to invest in Mutual funds. I am a beginner, but I have gone through all the information on how mutual funds function. I have defined my scope and horizon. I have both short term and long-term goals to fulfil. I want to achieve Rs 2-3 lakhs to fulfil short term goals within 1-2 years horizon and Rs 50 lakhs to achieve the long term goals which are over more than 12 years horizon. I am ready to invest a lump sum of Rs 1 lakh and SIPs thereafter. Suggest me on how I should allocate my money to various funds in my portfolio and recommend various funds (Equity, Debt, Hybrid) to start with. For now, I am thinking of going ahead with Parag Parikh Long Term Equity Growth Fund for long term goals. I earn Rs 60,000 net salary and have an EMI of Rs 25,000 to pay per month.
Synopsis
Parag Parikh Long Term Equity Fund has been recategorized as a flexi cap fund and the new name of the scheme is Parag Parikh Flexi Cap Fund.
iStock
Parag Parikh Long Term Equity Fund has been recategorized as a flexi cap fund and the new name of the scheme is Parag Parikh Flexi Cap Fund. The scheme, as the new name suggests, would be a flexi cap fund that has the freedom to invest across large cap, mid cap, and small cap stocks. Complying with the Regulation and after all the necessary approvals the required changes will be effective in our flagship scheme. However, there is no change in our portfolio, investment process. We will continue to manage the money the way we have been managing. A flexicap strategy will allow the fund manager to invest wherever value and opportunities are available without restrictions, said Neil Parag Parikh, Chairman and CEO, PPFAS Mutual Fund.
Parikh Long Term Equity Fund is now Parag Parikh Flexi Cap Fund prokerala.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prokerala.com Daily Mail and Mail on Sunday newspapers.