You can invest in MFs without a demat account.
More you diversify, it de-risk your portfolio.2: I am planning to invest 6000 , in 4 different funds , 2k each on aggressive risky funds and 1k each on non risky funds.
Please tell me whether my approach is correct, and please suggest some funds.
- Are you talking about equity and non equity? (what do you mean by aggressive risky funds?)
It depends on your risk appetite and your investment purpose or goal.
- But if all the funds your are investing in - are giving you consistent returns than what is the issue?3: Is it OK to select all the funds from same firm eg : from SBI it self select all 4 funds?
5 years a good time frame, but I would suggest you to go for 5-10 years for equity MFs. Keep reviewing your MFs portfolio after every two years.4: My aim is to continue the investment for min 5 yrs , is it good time to create profit?
As answer to above query.5: Is it good time for investment?