Suggest investment for Rs 10000 more Rakshit, 24 May 2013

Hi I have invested Rs 5000 and Rs 2000 p. respectively in SBI emerging business and Balanced fund. I still have Rs 10,000pm more to invest for long term returns. Should I go for any other MFs or should I invest in endowment assurance insurance plans. If so please suggest some MFs in that case.

Fintotal Answer

Hi Vivek. Invest Rs 10,000 through SIP in ONE of the best large cap equity diversified mutual fund, say, HDFC Top 200, HDFC Equity Fund, Canara Robeco Equity Diversified, etc. For insurance, take a term plan instead of endowment plans or ULIPs. Do not look at insurance plans as investment tool. Check insurance.fintotal.com. I would like to suggest you to exit from SBI Balanced Fund and invest in a better performing fund of this category. You may continue investing in SBI Emerging Business Fund. Check for the related stuff on mutualfunds.fintotal.com.

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