Everybody knows that the easy to way to create wealth for long-term financial goals is to start a Systematic Investment Plan (SIP) in equity mutual fund schemes. However, many individuals never actually start a SIP because they find it extremely difficult to choose the right schemes to invest.
That excuse is no more valid. ET.com has created a few mutual fund portfolios for investors with different risk profiles as well as SIP investment amounts. The three risk profiles chosen are: conservative, moderate and aggressive. We have also considered three SIP baskets: Rs 2,000-5,000, Rs 5,000-10,000 and above Rs 10,000. We have only considered equity diversified and equity-oriented balanced funds for the purpose of recommendation. We have also assumed that the investor is investing with an investment horizon of five years.