Here’s how you can select the ideal MF scheme

If the upcycle in stock markets has captured your attention and you don’t know how to invest in stocks, how can you still reap returns out of it? Investing via mutual funds can be a great option for you. Money9 Helpline hosted MyWealthGrowth’s Harshad Chetanwala to help you understand how to select the best mutual fund and what all should you keep in mind.

Edited excerpts

Sumana: Kotak Flexi cap or Parag Parikh Flexi cap, which is better for long-term investment?

Chetanwala: Both the funds are in the Flexi cap category and are good funds. The Flexi cap basically works in a way that one part is invested in large and some other could be invested in mid or small caps. One major difference between Kotak and Parag Parikh is that Parag Parikh Flexi cap fund also invests in US stocks. So, around 20-25% of your portfolio will be in international stocks. Both the funds are good. If you have money, I would suggest starting with one of the funds. You should have at least 15-16% allocation in one fund in your portfolio.

Watch the full video to know more…