I want to invest Rs 2,000 in mutual funds, where should I invest?
Praveen Negi, Nainital
The mutual fund selection will depend on several factors such as your risk taking ability, the tenure of your investment and your anticipated returns from the investment. If you are new to mutual fund investing, start investing in a balanced fund such as ICICI Prudential Balanced Advantage. Once you have experienced investing in this fund over a year or two, you could consider investing other funds categories depending on your investment goal.
