Are large cap funds suitable as I want to start investing in mutual funds

I am a student from Lucknow. I want to start investing in mutual funds. I read that large cap funds are best for beginners like me. Is there a minimum amount with large cap funds? I can start with Rs. 1000 per month. If I invest for 10 years as of now then which fund would you suggest between SBI, Birla and Kotak which one would be better? if there are better options then please guide me?

Dec 13, 2016 by Sujoy, Lucknow | Mutual Fund

Yes Sujoy, you heard it right! The large cap funds are suitable for beginners like you who are just going to start investing in mutual funds.

Normally, one can start investing through SIP route by investing a minimum Rs. 1,000 per month in case of open ended funds. Those who want to invest in ELSS funds, they can start with as little as Rs. 500 per month.

All the three large cap funds from SBI, Birla and Kotak Mutual Funds, namely SBI Blue Chip, Birla Sun Life Frontline Equity and Kotak Select Focus respectively are amongst the top performing funds. Therefore, you can start with any one out of these three funds.

Hope the above helps. Thanks for writing to Advisorkhoj.

View All Queries

You haven't found the answer for your queries? Do post your queries to us.
POST A QUERY