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Best mutual fund to start a monthly SIP

Last Updated: May 01, 2020, 11.53 AM IST

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I want to start an SIP of Rs 2,000 per month. I have an investment horizon of 20 to 25 years. Please suggest the best mutual fund schemes for me.
-Satish Rajput

Rishabh Parakh, Founder, Money Plant Consultancy, responds:

The best part about your query is the long term horizon you have kept for yourself. It seems, you are starting out.In that case, you should start small. Do not add too many schemes in your portfolio. You can add more schemes when you would increase this monthly amount. This would make sure that you don't end up investing in multiple schemes which defy the overall purpose. You should go for a good multi cap fund. You can invest in Axis Multicap Fund.

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