Where should i invest 2 lacs for 3 years ? Anil Nair, 10 Sep 2012

I am 28 and dont have prior experience in investing. I have term insurance and mediclaim.I want to invest 2 lacs for 3 years. Please suggest where should i invest?

Fintotal Answer

Anil you have done a good job by taking term insurance and not ULIP policies, which agents sell hard. Since you dont have much experience in investing, its better if you start with balanced funds where risk is low. Balanced MF are funds having both equity and debt instruments. This can be the best start to your investing life. HDFC Balanced and Prudence are good balanced funds in the market. I would suggest staying away from stock market before you get experience and stick to something balance or even a large cap equity fund

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