September 27, 2010 5:27 pm
There are many best mutual funds.
Before investing you must know your expectation. To start with SIP, you dont have to time the market. I would like to share my experience. I started my first SIP in dec2007 when the sensex was heading towards its all time high and unfortunately it fell in the next month. But after 15 months I found that my returns were approx. 50%.
In addition to expectation decide the time horizon, atleast decide for 5-10 yrs for equity kind of SIP MFs.
HDFC equity fund has good performance record.
HDFC Tax saver
Don’t need to time the market if you r doing SIP. Just start it as soon as possible in a well managed fund. For long term go for Equity diversified and for short term go for Debt fund or MIP.
Invest in HDFC Top 200 and Reliance Regular savings Equity. First one is quite a performer for the last 13 years and second one has done remarkably well in last 5 years.
Invest in equity diversified mutual fund like SBI MF contra or Reliance Regular Savings – equity. Don’t see the market or NAV n daily basis.
Hope it will help you.
You can also look at mutual fund MIP’s, you can get atleast 12 % returns over a long period of time.
They are less risky when compared to other equity mutual fund because their equity investment is upto 5 – 15% depending on the fund.
Debt funds are a good option right now , or at best balanced funds .. When markets are down , better invest in equity funds ..
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