Please provide more information about how to start SIP in debt or income fund and whether it is beneficial if SIP is started in income fund for 3-5 years and which funds are best in today's market condition?
There is nothing such as which funds are best in today's market. You should invest in funds based on what is your investment objective and how much risk you can take with your investments. Once you are clear on these two aspects, you can select schemes from appropriate fund categories and start investing.
3-5 years is a vague investment horizon. It can either be 3 years or 5 years. If the horizon is 3 years then you can invest in debt funds and if the horizon is 5 years then invest in equity funds.
Please write to us with details of your risk profile and investment horizon in order to reply to your query in a better manner.
Thanks for writing to Advisorkhoj.
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