Go for open-ended scheme that allows redemption, in case the fund does not perform
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Balanced funds are suitable for investors who have low-risk appetite or are new to equities.Those with more than seven-year investment horizon should look at funds that have higher equity exposure.
Global cues lift Sensex 364 points; Nifty ends above 8,650.
Keep at least one family member in the know of all your investments
