Where can I invest Rs.5000 for 3 years? Ranil, 29 Dec 2012

i m a salaried person of 32 years, I would like to invest 5000/- per month thruogh sip, my time horizon is 3 years. Suggest me funds

Fintotal Answer

One important rule to remember is that medium term investments (2 yrs to 5 yrs) should be in balanced funds and long term investments in equities. Based on this you may hold HDFC Balanced Fund or HDFC Prudence Fund. It is one of the best funds for the medium term goals. Read the Review of the funds on our website and also an article on Choosing an appropriate mutual fund.

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