I am investing Rs 5,000 every month through SIPs in HDFC Top 200, what is your advice on this investment for the long term?- Rajkumar Dhanuka
This large- and mid-cap fund invests in stocks drawn from the companies in the BSE 200 Index as well as 200 largest capitalised companies in India. With equity exposure up to 90 per cent, the fund manages to achieve capital appreciation over time. A consistent performer, the fund has been the best performer in the category and has a performance history that makes it a preferred investment option. Investing in HDFC Top 200 is a good move and you should invest regularly in this fund. However, do track the progress of your investment as mutual fund investing cannot be based on invest and forget approach.