I am 29 years old and earn around Rs25,000 per month. I want to invest in mutual funds through SIP. I can invest up to Rs2,000 per month for 20 years. Can you suggest what kind of mutual fund should I invest in?
—S. Praveen Kumar
It is good that you are starting your investment portfolio at a young age, and importantly choosing to invest systematically for the long term. For a starting investment, given the amount you are planning to invest every month, a simple balanced fund would meet your needs well.
