Hi there! It is good to know that you are thought of managing your financial income. I would say, you should take advice from the financial consultant who could help manage your investment portfolio wisely in the stock market. Because, there are many different types of mutual fund schemes available in the market. Out of these schemes, you have to select the appropriate scheme that fits into your financial planning. So, financial adviser is the right person to guide you on the same.
However, different people will give you many different types of advice online. Its better you could find information online or offline medium and then choose any of the mutual fund schemes. Since, you are new in the investment, so there is lot to learn as there are risks attached to it. From my personal experience, I would recommend you to go with SIP schemes. Its a good way to step into the mutual fund market. SIP is types of mutual fund schemes wherein, you can invest a set of amount at a regular interval of time rather than investing in lump sum amount in one go. Reliance Mutual Fund, Birla Sun Life Mutual Fund, HDFC Mutual Fund are some of the leading financial houses that offer SIP schemes. If you want you can approach online and seek advice for the same.
