Begin with Balanced Funds
First-time investors should invest in balanced funds via the SIP route. Here are some options…
By Research Desk | Nov 9, 2012
I am looking to invest in mutual funds for the first time. Please guide me.
For a first-time investor, a balanced fund would be the ideal vehicle. You should have an investment horizon of at least 3 to 4 years. You can choose from ICICI Prudential Balanced and DSP BlackRock Balanced. But don’t invest in lumpsum, invest via the SIP route.