I want to do SIPs of Rs 25,000 per month. I am 50 and can invest 10 lakh as lump sum too. In which MFs can I start my SIPs and would you have any good names for making lump sum investment?
Ans: Nice to know that you can invest 10 lakh in lump sum. I will suggest you to invest this lump sum money in debt-based mutual funds which can give inflation-beating return. You should try to keep in line with returns on this fund and wait for a right opportunity to invest this fund in balanced or growth funds (like when you see market crash).
Further as far as your monthly investment goes you should invest the same in balanced funds which will be a mixture of debt and equity and will give a good return with safety of funds.
Some good balanced funds can be:
1. HDFC Balanced Advantage Fund
2. ICICI Prudential Balanced Advantage Fund
3. Nippon India Balanced Advantage Fund
4. Edelweiss Balanced Advantage Fund.
5. L&T Dynamic Equity Fund.