Ask ET Mutual Funds: I want to invest for 10 years. Which schemes should I choose?

I have been investing Rs 10,000 in both HDFC Top 200 (growth) and HDFC Infrastructure Fund (growth) for the past two years. My time horizon is 10 years; I have already completed two years. Kindly advise if both the funds are good to continue for next five years. I am also planning to double my SIP amount soon. Which funds should I invest for a long time? HDFC Infrastructure Fund has not given decent returns till now.
----Anand Kaushik


Darshan Parekh, CFP, Life N More Financial Planning Services, responds:


If your time horizon is 10 years, the HDFC Top 200 fund is a good blue chip fund with a good track record. The HDFC Infrstructure fund is a sector fund and its fortunes are linked to the infrastructure sector. Ideally, you should be looking at a combination of Bluechip, Multicap, Small and Midcap funds with a long term view. My picks for your further investments would be Birla Sun Life Top 100 Fund, Motilal Oswal Multicap 35 Fund and Kotak Emerging Equity Fund, keeping your time horizon in mind.



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