I am planning to open the SIP in HDFC Prudence fund growth Fund From April 01, 2012 onwards for monthhy Investment of 2000 to 3000K. Kindly clarify the following questions:
1. HDFC Prudence fund growth NAV rate is presently Higher at 196. Is it good to invest in this fund or Good to invest in Newly started funds which are at lower NAV’s. Which is profitable and how does that works?
2. If I open SIP for 3 years and want to withdraw after 2 years, do that cost me anything as Exit load is only for 1 year?
3. Also Please suggest if any other Good Funds to invest.
Thanks in advance.