I want to start investing in Mutual funds; what is the way to start in these markets?
Suneet Kumar
There is no good or bad time to start investing. However, for a first time investor, the current state of the market brings in apprehensions that are well understood. We would suggest you start investing in a balanced fund such as DSPBR Balanced or HDFC Prudence. These are well-performing funds, and you can start an SIP in any of these. After six months, when you review the performance of these funds and the experience you derive from investing regularly; you are bound to increase your investment and diversify. You can then look at investment in a large-cap equity fund such as DSPBR Top 100 or HDFC Top 200.
This article was originally published on November 17, 2010.