I have Rs 20,000 a month to invest. Looking at the current state of the market, where should I invest?
- Ankur Bhatia
For a long-term investor the level of the market should not be a deterrent to invest. That you have Rs 20,000 a month to invest will go a long way over a 10-15 year investment time frame for you to get the most out of systematic investment as well as the power of compounding. You should look for a mix of funds that comprises large-cap funds such as Franklin India Bluechip or IDFC Imperial Equity Plan A and multi-cap funds such as Templeton India Equity Income or Quantum Long-Term Equity Fund. These are funds that are consistent and have a long track record and performance history. For your investments to build long-term wealth, make sure that you track these funds’ performance at least once every six months.
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This article was originally published on January 25, 2011.