Which fund to invest in SIP for 30 years

Dear Anand Rajendra,

As you want to invest for a very long term period of 30 years, you can invest in diversified equity funds. You can check the list of top performing diversified equity funds from here -

https://www.advisorkhoj.com/mutual-funds-research/top-consistent-mutual-fund-performers

You can select couple of funds from ICICI Prudential Value Discovery Fund, Kotak Select Focus fund, Birla Sun Life Advantage Fund and Franklin India High Growth Companies Fund and start your SIP.

In future, if you find that your SIP is underperforming you can stop the same by writing to the Asset Management Company (AMC). AMCs normally take 15-21 days to process your ‘SIP STOP’ request. Once the SIP is stopped you have three options – 1) Switch the accumulated fund in another scheme of the same AMC 2) Let it remain invested and 3) Redeem the entire amount and reinvest in a better fund.

Hope our answer to your query is satisfactory.

Thanks for writing to Advisorkhoj : )