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Which mutual fund schemes should I invest in for maximum wealth creation?

Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away. ....

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SBI Large & Midcap Fund: Impressive Returns and Balanced Allocation

SBI Large & Midcap Fund: Impressive Returns and Balanced Allocation
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Parikh Long Term Equity Fund: Should I invest in Parag Parikh Long Term Equity Fund for my long term goals?

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If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
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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. ....

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