As I am new to mutual funds which fund should I invest for 12 months

As you are new to mutual funds, we suggest that you should take help of a mutual fund adviser in your city. Not only he will help you with your investments he will also help you prepare your KYC which is a mandatory requirement for investing in mutual funds.

As your investment horizon is only 12 months, you can invest in Ultra Short Term Funds; Ultra Short Term Funds can generate better return than saving bank and 12 months fixed deposit returns. Some of the good performing ultra short term funds are - Kotak Banking and PSU Debt Fund, ICICI Prudential Ultra Short Term Fund and L&T Banking and PSU Debt Fund. You can invest your Rs 10,000 in any one of these funds.

Wishing you a great mutual fund investing journey.