I want to invest in mutual funds through SIP for one year. Kindly suggest which is the best mutual fund to invest in?
Pramod Kumar, Delhi
When investing in mutual funds you should consider the investment time frame, the risk you can take with your investment and the sum that you can invest every month. A year is too short a time to invest in equity mutual funds through SIPs. But, you could invest in balanced funds, which follow an automatic asset rebalancing between equity and debt periodically. You could consider investing through SIPs in funds like SBI Magnum Balanced, ICICI Pru Balanced or HDFC Balanced and invest for twelve months to experience how mutual fund investing works.
