I want to invest Rs 4,000 every month through SIPs for the next five years. In which funds can I invest?
Paramjit Nagra, Chandhigarh
You appear new to mutual fund investing and for the time frame that you have in mind; you should invest in the growth option of balanced funds such as ICICI Pru Balanced and ICICI Pru Balanced Advantage, which have a proven track record and good performance history. You should also make it a habit to track the performance of the funds you invest in to assess its progress in comparison to its peers and benchmark to continue investing in them or make any changes to the fund selection.
