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Get the Hang of It

Begin with balanced funds to understand how mutual funds work & how investments grow…

I want to invest Rs 1 lakh every year for a period of 10 years. I am 38 and am investing to save for my 5-year-old son's education and 2-year-old daughter's education and wedding. Please suggest funds to invest.
- Rajesh Kumar Singh

It appears to be your first mutual fund investment and we suggest you go with a balanced fund to start with so as to experience mutual fund investing and understand how your investments grow over the next six months. You can select a good performing balanced fund with a good performance history and track record from the Fund Select feature on our website and stagger the investment over the year instead of a lump sum investment to avoid mistiming the market and gain from averaging. However, for a 10-year investment time frame you should consider investing in a large- and mid-cap fund if you can take the risk of investing in mutual fund schemes with the prospect of your investment value going down and up, depending on the overall stock market scenario.

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