Which equity mutual fund is better to build wealth in long run(10years)?
If your time horizon is 10 years and you don’t wish to withdraw this amount for the next ten years then you should go for a little aggressive equity mutual fund. Though this strategy is suggested for you to bring more wealth after ten years, you should be ready to ride the market volatility within these ten years as the aggressive funds tend to be more volatile. Top performing funds in this category with good long term records are Reliance growth and Sundaram select Mid cap.You can expect a return of 20%+ from your investment which may give you a value of Rs 62,000/- with an investment of Rs 10K. I am an AMFI certified Mutual fund advisor and can be contacted at mallik_swarup@yahoo.com or 0120 4224336 for further advice.
