Which are the best mutual fund schemes to invest for long term?
The absolute stability associated with long term investments makes it ideal for investors with long term goals
Investment in mutual funds (MF) requires a certain duration of time to give efficient returns to the investors. Mutual fund investments work best in the long term. A time period of 5 years or more is considered long term. But the most important thing is asset allocation when it comes to investment. All investments – short term or long term, should follow an asset allocation strategy. "This strategy needs to be fine-tuned according to macro conditions and can be tweaked when the macro conditions change," says Renu Maheshwari, SEBI registered investment advisor, CEO and principal advisor at Finzscholarz Wealth Managers LLP.