I’m a first-time investor and can invest about Rs 5,000 to Rs 10,000 a month in SIPs. Can you suggest which funds I should go in for? I need at least 15-20 per cent returns on a yearly basis for a time period of 5 years.
-Mohit Vij
It is very difficult to recommend something to someone who is expecting guaranteed returns. But that apart, if you have to take market exposure, it could be a very difficult time for somebody to get started. Hence, you should stay on course if you choose to. We would suggest that you invest in 1 or 2 balanced funds and continue investing for the next 5 years, despite difficult markets that we might face in the interim. You can choose any 2 of these funds: Birla Sun Life 95, DSP BlackRock Balanced, Canara Robeco Balanced or Tata Balanced.
This article was originally published on June 13, 2012.
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