I want to invest around Rs 5 lakh for 1-3 years in a mutual fund and am looking for a return of around 20% per annum. Please suggest me the best fund available in the market.
- B Shashi Badm
Your return expectations are aggressive and somewhat risky. Investments should be regular and systematic and mutual funds offer you the ideal platform for both through systematic investment plans (SIP). We would recommend you start an SIP in a large-cap fund such as DSPBR Top 100 Equity or IDFC Imperial Equity Plan A and large- and mid-cap funds such as HDFC Top 200 and Fidelity India Growth. All these are funds with proven track records and performance history You should consider parking Rs 5 lakh in a liquid fund and transfer the same into the funds you select systematically and regularly.