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Want to make money? Attain your goal! Check this list that can help you become wealthy

Mutual funds are fast-growing as an investment tool that can make an investor wealthy because, in the long-term perspective, it has the potential to maximise one’s money. Those who want to get the benefit of all equity mutual funds category and have small surplus money for investment, multi-cap funds are a better options, say tax and investment experts. They are of the opinion that in the long-term, it would give at least 12 per cent return on the money invested for the period of 10 years or more. However, choice of fund is also important and these investment experts recommend multi-cap funds like Motilal Oswal Multi-Cap 35 Fund (MoSL 35), Aditya Birla Equity Fund, Franklin India Equity Fund, Parag Parekh Long Term Equity, Kotak Standard Multi-Cap Fund, Invesco India Growth Opportunities Fund, SBI Magnum Multi-Cap Fund and Mirae Asset Emerging Blue Chip Fund.

Speaking on the multi-cap funds that can give better growth to one’s invested money, Jitendra Solanki, a SEBI registered tax and investment expert said that multi-cap funds are such funds where a minimum of 35 per cent of the money has to be invested in large-cap stocks while a minimum of 35 per cent money has to be invested on the small-cap and mid-cap stocks by the fund manager. The fund manager can increase the exposure of the investment depending upon the market performance but in the long-term, it is expected to give at least 12 per cent returns to the investor.

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He said in multi-cap funds, one can get better returns than a large-cap mutual fund because it is in between the mid-cap and large-cap mutual fund returns. Asked about some multi-cap funds where an investor can think of parking his or her money, Solanki said, “Funds like Motilal Oswal Multi-Cap 35 Fund or MoSL 35, Aditya Birla Equity Fund, Franklin India Equity Fund and Parag Parekh Long Term Equity can be a better option if an investor is looking to invest in multi-cap funds.”

He said that in Parag Parekh Long Term Equity fund, manager also invests in international stock markets.

On his part, Neeraj Chauhan, CEO at Financial Mall, said, “Major multi-cap mutual funds that possess higher chances of giving better returns are Kotak Standard Multi-Cap Fund, Invesco India Growth Opportunities Fund, Motilal Oswal Multi-Cap 35 Fund or MOSL 35, SBI Magnum Multi-Cap Fund and Mirae Asset Emerging Blue Chip Fund are the multi-cap funds that can give better returns to the investor if this mutual fund investment is for long-term.”

So, ultimately, in the quest of becoming rich, it is the investor who must exercise his mind to make the choice of the best investment option. Experts are there to give an informed outlook and map the trends for you.

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