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Move Along Gradually

New investors should begin with balanced funds & gradually move to large-cap ones…

I want to invest Rs 3 lakh in mutual funds through SIP for the next 15-20 years. Please suggest funds that I should invest in.
- Tanbir Singh

Fifteen years is a long time for investing. If you are new to investing, it is better to start with a SIP in a balanced fund such as HDFC Prudence or Reliance Regular Savings Balanced fund. Both these funds have a good performance history and track record to safely invest in.

You should also consider investing regularly and not in lump sum, park the Rs 3 lakh in a liquid fund and initiate SIPs in the balanced funds and once you have experienced mutual fund investing over the next 6 months to a year you can add a large-cap fund such as DSPBR Top 100 Equity or Franklin India Bluechip to build a portfolio of funds to invest in regularly.

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