If you are a new investor, you should hire a reliable mutual fund advisor or financial planner. New investors often find it quite difficult to manage investments. It is always better to gain some knowledge and experience before investing in yourself.

Assuming that you are investing for a long term (seven to 10 years) and are willing to take some risk, you can consider investing in large-cap funds or hybrid equity funds. Large-cap funds, as the name suggests, invest in very large companies and they are less volatile. Hybrid equity funds invest in a mix of equity and debt and they are also safer than pure equity funds.

Best Aggressive Hybrid Mutual Fund

Best Large Cap Mutual Funds

Invest in two mutual funds that suit your risk profile and continue to invest irrespective of the market conditions.

Always do a performance review once a year. If it is underperforming the benchmark and category for more than a year or two, you need to find the reason for the poor performance and take remedial steps if necessary.