I am 32 and want to invest Rs 7,000 every month in equity mutual funds for the next ten years without any withdrawals. What fund should I invest in, considering I do not have time for monitoring investments regularly?
As age is on your side, you should consider investing in a large-cap fund such as DSPBR Top 100 to start with and also include a large- and mid-cap fund such as HDFC Top 200 and continue investing in these funds regularly. These are funds are from the category that would not require frequent tracking. However, you should evaluate the performance of your investments at least once a year to make sure the selected funds are faring well, because a fund that is a good performer today, may not necessarily be the best performer forever.