I want to invest Rs 20,000 per month in an equity fund for five years. Which fund will give me good returns?
Pinaki Chatterjee, Kolkata
Your investment time frame is most suitable to investment in a systematic manner using SIPs in a well diversified fund. You could look at funds from the Outlook Money Stellar list or the OLM Elite, depending on your comfort. Choose any fund like Kotak Select Focus, SBI Bluechip or Franklin India High Growth Companies depending on your risk appetite and convenience. Invest for the next 60 months in any of these funds or in a combination to increase the worth of your investments over time. Do make it a point to check the performance of the schemes that you invest in to evaluate how the fund is faring and ideally, set a goal that you are investing for in terms of rupee value, so that you know what you will need this money for at the end of the five years.
