I want to invest in an SBI mutual fund for a period of 10 years. Please suggest some funds. -Rajkumar
If you're a first time investor, you can begin with the Magnum Balanced fund. This is a well-performing fund that can give you stable growth. Start a systematic investment plan in this fund; refrain from investing in lumpsum. Review the performance of your fund on an annual basis.
This article was originally published on April 09, 2013.