I want to invest Rs 1,000 per month in mutual fund through SIP. Please let me know which fund should I select?- Nirmal Thakur
You are on track considering systematic and regular investments through SIPs in mutual funds. You appear to be new to investing and we recommend it will be a good idea to start with a SIP in a balanced fund. Once you experience this investing over six months you will understand the way investing works and then move into a large-cap fund and build a portfolio from there on. You can consider investing in HDFC Prudence or HDFC Balanced fund. Both are highly rated funds with a proven track record and performance history to invest in.