Friday, June 13, 2008

Investment Advise for a Newcomer to Mutual Funds

Query recd : "I am new to equity market, Please suggest me good MF to start as SIP.


SRIKANTH SHANKAR MATRUBAI'S REPLY : "Being new to the stock markets, you are better off in investing in Large cap oriented Funds like
Birla Sunlife Frontline Equity Fund
DSPML Top 100 Fund
HDFC Top 200 Fund
Kotak K30 Fund
Reliance Vision Fund

If you are too conservative and prefer safety over returns then you could go for quality Balanced Funds like
DSPML Balanced Fund
HDFC Prudence Fund
SBI Magnum Balanced Fund.
I request you to invest through SIPs and stay invested at least for 3 years if not more.
Best of luck.
Srikanth Shankar Matrubai"

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