I have Rs 40,000 which I want to invest in mutual funds. Please suggest the best fund to invest?
Razzak Rehman, Bhopal
If you are investing for the long term, then for a new investor like you, the advice would be to invest regularly through systematic investment plans than lump sum investments. By investing a fixed amount at predetermined intervals, the trouble of figuring the best time to invest is eliminated, which offers an efficient way to ride market volatility. Start investing in a balanced fund such as ICICI Pru Balanced or ICICI Pru Balanced Advantage and make sure to track the progress on your investments to evaluate its performance at least once a year and alter the fund selection if need be.
