Ask ET Mutual Funds: Where should I invest to get great returns for 20 years?

I am 18 years old. My dad wants to invest in mutual funds on my behalf, approximately Rs 60,000 per month. The investment horizon is 20 years. I want to know the best mutual fund schemes with long term huge returns.

--Het Pankaj Chande

Abhay Shaha, Certified Financial Planner, responds:



Since your investment horizon is two years, I would suggest diversifying your investment in two to four schemes.

The sectors you can look at are Infrastructure, banking, and power. You can go for ICICI Prudential Banking & Financial Services Fund (30.80 per cent CAGR in the last three years), Franklin Build India Fund (31.62 Per cent CAGR in the last three years), DSP BlackRock Natural Resources and Energy Fund (given 30.34 per cent CAGR in the last three years).

In addition to this, you can opt for some small cap schemes like Reliance Small Cap Fund (38.44 per cent in three years).


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