I have started a monthly SIP of Rs 1,000 in SBI Bluechip - G six months ago. I want to know how is it performing? This is my first investment in mutual funds. I have started a recurring deposit of Rs 1,000 last month. I want to invest Rs 1,000 again in a good performing fund. Let me know which fund can I invest for long term? -- Jahnavi Prasanna
Since it is your first mutual fund invest ment , we would like to offer you some basic advice first. You have invested in a largecap equity scheme. SBI Bluechip Fund is a top performer, and is among the funds we have recommended in our mutual fund portfolio.
As you may be aware, you should invest in equity mutual fund schemes with a long-term investment horizon of five to seven years. Do not worry about its short-term performance. Take a close look at its performance once or twice a year, compare its performance with its benchmark index, category and peers. If it is beating its benchmark and performing well against its category and peers, you can continue with your investments.
