I am 29 years old. I have SIPs of Rs 1,000 in HDFC Growth. I want to invest another Rs 1,000 every month. Which mutual fund would be best suited for me?
-Prabhat
HDFC Growth is a good mutual fund. If you are investing for a period of 10-15 years, you should diversify your investments. For the additional Rs 1,000 that you want to invest, pick a diversified equity fund of a different fund family. We would suggest you choose one from DSP BlackRock Equity, ICICI Prudential Focused Bluechip or Birla Sun Life Frontline Equity.
This article was originally published on February 17, 2012.