New Delhi, Oct. 13 -- A 10-year investment horizon gives investors time to benefit from equity market growth, but choosing the right mutual fund categories is just as important as staying invested.

For investors looking to invest in the current volatile market, the focus should be on building a diversified portfolio rather than chasing the mutual fund categories that have delivered the highest recent returns. Relative valuations, risk appetite, existing investments and the purpose of the financial goal should determine the allocation, experts said.

Rahul Jain, president and head at Nuvama Wealth, recommends a core-and-satellite approach for a moderate-risk investor. He suggests allocating half of the equity portfolio to Nifty 50 and Nif...