I want to begin investing in mutual funds. Which funds should I go for?
-Dharmendra
New investors who want to invest systematically for the long run should begin with balanced funds. Such funds have around 30-35 per cent invested in fixed income and the rest in equities, which gives investors stable growth. Pick 1 or 2 good balanced funds and begin SIPs in them. Some funds you can choose from are DSP BlackRock Balanced or UTI Balanced.
This article was originally published on September 28, 2012.