New investors should have investment plans & financial goals in place while starting out…
08-Apr-2011 •Research Desk
I want to invest Rs 2,000 in mutual funds, where should I invest?
– Ranbir Shah
It will be a good idea if you have a plan when getting into investing in mutual funds. Fund selection will depend on several factors such as your risk taking ability, the tenure of your investment and your anticipated returns from the investment. If you are new to mutual fund investing, start investing in a balanced fund such as HDFC Prudence or Reliance Regular Savings Balanced funds. Once you have experienced investing in these funds, you can consider investing other funds categories depending on your investment goal.