A new mutual fund investor should begin by investing in balanced funds. Here are some options…
I want to invest in mutual funds for 5-7 years. Please suggest some funds.
-SK Sahni
If you're investing for the first time, you should begin with a balanced fund. Don’t invest in lumpsum amounts; opt for a Systematic Investment Plan (SIP). Some funds you can choose from are HDFC Balanced, DSP BlackRock Balanced and Birla Sun Life 95.
This article was originally published on November 27, 2012.
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