I want to invest Rs 1,000 a month for a period of 5 years. I want very high growth on this investment and don’t mind taking huge risks as well. What fund would you suggest?
First of all, you must comprehend the kind of risk you are ready to assume. At this point, investing with a 5-year horizon doesn’t amount to a great risk. But at the same time, it can be very upsetting for an investor to see the value of his investments go down by 10-15 per cent in a month or two. So, if you're prepared for that, the funds that will give you high growth are mid- and small-cap funds. You can choose from IDFC Premier Equity, SBI Magnum Emerging Businesses and ICICI Prudential Discovery. But again, be aware that these funds are risky propositions and you must stay on course with your investments through the time.