I want to invest Rs.2, 000 each for the next five years in three mutual funds. Please suggest schemes to invest in. - Dipen Shah, Ahmedabad

Five years is a good time period to stay committed with your mutual fund investments through monthly systematic investments. As you come across as a first time investor, we reckon you invest in funds from the Beginner category of OLM Elite. These are tailored to suit the needs of investors who are just starting out. When investing in equity funds you should look for diversification in style and portfolio. Investments in just two funds will do the needful and will be easier to manage at this stage than adding too many to your portfolio. Select any two of the suggested five schemes—Canara Robeco Balance, Franklin India Taxshield, HDFC Balanced, ICICI Pru Balanced and Religare Invesco Tax Plan from this category and track their performance every quarter in our magazine.

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