I am 45 and am going to invest Rs5,000-7,000 a month by SIP. I want to invest for the long term, minimum 10 years. Should I go for closed-end or open-ended funds? I want to choose existing funds that are giving good performance. Should I go for 50% equity and 50% debt?
—Pranabes Hazra
Given that you are seeking to invest in existing funds that are giving good performance, your natural choice should be to go with open-ended funds. Closed-end funds are almost always new fund offers (NFOs) that do not have prior track record, except for the fund house or the fund manager
