Please suggest 3-4 diversified equity funds for an investment horizon of about 5-7 years. I plan to invest Rs 2,000 in each fund via the SIP route.
Given your timeframe, we would suggest that you invest in large-cap funds and large- and mid-cap funds. ICICI Prudential Focused Bluechip and Franklin India Bluechip are two well-performing large-cap funds that you can invest in. From the large- and mid-cap category, we would suggest Quantum Long Term Equity and Canara Robeco Equity Diversified. It will be important for you invest regularly, and also remember to de-invest as you get closer to your goals.