Investing Through SIPs

Which fund will be best for 'sip'? Various funds (equity and debt) offer investments via SIP. You can select some well rated equity or debt funds which have done well over years. Some good equity picks can be HDFC Top 200, Birla Frontline Equity, or SBI Magnum Multiplier Plus. For Debt choose from ABN Amro Flexi Debt, Kotak Flexi Debt or ICICI Pru Long Term. I want to invest Rs 1 lakh for three years. Which mutual funds I should go for, so that I get good return after 3 years (near to double)? Please advise. Deepak Mutual funds have associated market risks and do not offer guaranteed returns. Though you should expect 15-20% per annum, you can opt for well rated mid cap funds if you wish to be aggressive. Some good picks can be Reliance Growth, Sundaram Select Midcap, or Birla Mid Cap. I am investing Rs.60000 monthly as a sip. How long should I continue to invest to get Rs 1 crore. Vivek Manchanda, Lucknow Assuming an annual return of 20 per cent from equity diversified funds, it would take 7 years for you to achieve your target of Rs 1 c

This article was originally published on April 09, 2008.