I am new to mutual funds and would like to invest Rs 1,500 per month in mutual funds. I am not sure which fund to start investing in and for what tenure?
- Vineeth K
It is encouraging to note your eagerness to invest in mutual funds. Mutual funds are the right investment tools to invest with stock market exposure in building long-term wealth. Investing in mutual funds will depend on your financial goal, risk taking ability and the time frame that you have in mind. For instance, over a 3-5 year time frame you can consider starting with a balanced fund such as HDFC Prudence or HDFC Balanced. Both are highly rated funds with a proven track record and performance history to invest in.
This article was originally published on October 11, 2011.