Is IDBI Midcap Fund a good investment?
Are you a first-time investor to mutual funds? If yes, start with identifying a goal, your investment horizon and risk profile. Next, identify schemes that matches your investment profile. If you are unsure about these aspects, it would be a better idea to consult a mutual fund advisor.
Since you are investing for a long-term, you may invest in equity mutual fund schemes. However, the type of equity mutual funds should match your risk profile. Since you have a moderate risk appetite , you should go for multicap schemes (they are also referred as diversified equity mutual fund schemes) that invest across stocks in different market caps.
Midcap and smallcap schemes are meant for aggressive investors. They are risky bets with a potential to offer superior returns. It is very important to choose scheme that matches your risk profile because many investors find it tough to handle the volatility associated with riskier investments.
Our recommended multicap scheme is ICICI Prudential Value Discovery Fund