I am 30 and recently started investing Rs 1,000 through monthly SIPs in HDFC Top 200 to learn how this investment works. Please suggest funds that I can invest for the next 10-20 years considering my current monthly income is Rs 25,000 ?- Suyash
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HDFC Top 200 is a highly rated large- and mid-cap fund that has a proven history and track record to safely invest in and you would have understood the way SIP mutual investing works with your investment in this fund. However, how much you should invest a month depends on how much you can afford to invest after your routine expenses and other financial commitments. For a time frame of up to 20 years, we suggest you invest in the Value Research Growth portfolio which comprises of five funds that collectively have 70 per cent equity exposure. Make equal allocation to all the funds and track the performance of these funds to assess its progress.
It will be also apt if you can set financial goals ahead of you and invest keeping them in mind. For instance you need to invest for your retirement, may be for a house or a child’s future education needs. By stating your financial goals, you will be able to invest for the time by which the goal needs to be accomplished.
This article was originally published on August 18, 2011.
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