I am 30 years old and unmarried, earning Rs 50,000 per month. Which mutual fund should I invest in?

financialexpress.com:

In the last few days, a number of readers have written to FE Money, asking about how should they start their investment journey, which fund should they invest in or what should they do with the surplus money they have.

For instance, Gokul writes that he wants to make 80-90% of his investments in Small and Mid-cap funds for a very long term (25-35 years) to get the “best returns” in the equity market. He further says he is getting a lot of Nifty 250 Small Cap Index Funds but cannot find any BSE Sensex Small Cap 250 Index Funds. Gokul wants help in identifying BSE Sensex Small Cap 250 Index Funds and also suggestions for his long-term investment plan.

Mohnish Jagdale writes he has not invested in any mutual funds yet. He wants to know which is the best fund for long-term investment. Mohnish is aged 30, unmarried and earns Rs 50,000 per month. He also has a personal loan of Rs 1.5 lakh.

Ashfaque Mastan says he has Rs 35,000 surplus money to be invested. He wants advice on whether to invest in a Mutual Fund, Bank Nifty, Gold ETF or any other asset.

G Rakesh, an IT sector employee, writes that he is earning Rs 93,000 per month and he wants to know how to invest in Mutual Funds. Mayank Bhatnagar, Chief Operating Officer at FinEdge, has explained what should Rakesh do to start his investment journey in this article. Other readers can also benefit from the guidance provided by the expert.

Arun Kumar, VP and Head of Research at FundsIndia provides further guidance to readers who want to start their investment journey. Arun suggests a 3-bucket approach to automate and invest savings. Here’s what he says:

It’s a good practice to save at least 20-30% of your monthly income. You can follow the simple 3 Bucket approach to automate and