More than 10 lakhs Lying idle in NRE account. Started SIPs in to mutual funds in the last year.
My current assett allocation is around 20:80 with Equity: Debt.
I would like achieve the reverse of this equation as I am about 32 years of age. Is it ok to invest lumpsum amount in to Equity MF as I dont need the same for at least the next 15 years.
Will there be any massive difference in the returns obtained in the long term?
Please advise
regards
Kiran