I am 29 and want to start investing in SIPs of Rs 5,000 every month for the long-term but don’t know which fund to invest in ?- Ankit
As you are a new investor, you should consider starting investing in a balanced fund such as Reliance Regular Savings Balanced or HDFC Prudence. Both are highly rated with a proven track record and performance history. Once you experience SIP investing in these funds over the next six months, you will be able to assess the way SIP investing works. You can then consider investing in a large-cap fund such as DSPBR Top 100 Equity or Franklin India Bluechip and large- and mid-cap fund such as HDFC Top 200 or Fidelity India Growth which are also highly rated funds. This way you can build a portfolio of core funds which will help you in long-term wealth creation.
This article was originally published on July 13, 2011.
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