I have decided to start investing 3000 per month in mutual funds(for long term – more than 10 years).
I have some confusions:
1) should i invest in 1 mutual fund with 3000 monthly SIP or invest in 3 different mutual funds with 1000 each or 2 with 1500 each.
2) which mutual fund(equity – large cap, mid cap, small cap or debt or both) to invest in ?
Please guide me.
Annual Package – 5 lacs
Age – 23 years