I am 25 years old, I have plan that will begin to start sip account and amount of 5000 per month duration of 10 years, so please could you suggest me, how can invest and which type of mutual funds?
It seems you are new to mutual funds. You can start with a large cap fund and a balanced fund to invest Rs 5,000 per month for the period of 10 years.
From large cap fund category, you can invest in SBI Bluechip fund or Aditya Birla Sun Life Frontline Equity Fund or Kotak Select Focus Fund. From balanced fund category, you can invest in ICICI Prudential Balanced Fund or SBI Magnum Balanced Fund or HDFC Balanced Fund.
At any point in time to select top performing funds from any category, you can refer to - https://www.advisorkhoj.com/mutual-funds...
Thanks for writing to Advisorkhoj.
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