Please suggest mutual funds in which I can invest regularly for the next 5-10 years. Also suggest a good pension plan for me for a period of 15 years.
- Hanuman Yadav
If you're investing in mutual funds for the first time, we would advise you to start with a couple of good balanced funds. You can choose from Birla Sun Life 95, DSP BlackRock Balanced or Canara Robeco Balanced. Invest in these funds every month, but remember to evaluate your investments on a yearly basis. You can't afford to invest and forget, because a fund that is doing well today may see a dip in its performance a year later.
Coming to your second query, we believe that the National Pension System (NPS) is a very good vehicle, and the least expensive one. You can invest in it for the next 15 years. Once the DTC comes into effect, the NPS will also be an eligible tax-saving instrument.