Start investing in mutual funds through systematic investment plans
07-Feb-2011 •Research Desk
I have only invested in fixed deposits and NSCs. Now I want to invest Rs 3,000 a month in mutual funds. Kindly suggest a good fund that will give me 30% returns.
— Satyendra
It is never too late to start investing in mutual funds. You can start by investing in a balanced fund to experience mutual fund investing and understand how your investments grow over the next six months. You can start with funds such as HDFC Prudence or Reliance Regular Savings Balanced fund. Once you have understood they way your investments have fared; you can move to a large-cap fund such as DSPBR Top 100 Equity or IDFC Imperial Equity Plan A. Rather than selecting a fund only on returns; look for a fund that has a proven track record backed with performance history than just returns, when investing in mutual funds.
