I am new to mutual fund investing but wish to invest Rs 15,000 every month in them. Please suggest funds that I can start investing in.?
- Srinivasa Murthy
The way the stock markets are moving in recent times, one will have apprehensions to invest in them. However, mutual funds are the smart way to investing in the stock markets and your decision to do so through SIPs will take you a long way in the future. SIPs help in averaging costs on acquisition running over market cycles when investing in mutual funds and also gain from the benefit from compounding in the long run. Keep a three year time frame to start investing and invest in balanced funds such as HDFC Prudence and HDFC Balanced fund which are highly rated with a proven track record and performance history. Track the performance of your investments at least once a year to evaluate fund performance to continue investing or make any changes to the selected funds.
This article was originally published on November 03, 2011.
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