Mutual Fund Corner: Should I invest in high risk mutual fund schemes for long term?

A: Equity as an asset class is suited for long term needs. Invest via SIP so that you can ride the volatility associated with the equity markets and can avail the benefits of rupee cost averaging. To begin with, you can invest in an actively managed large cap fund like ICICI Pru Bluechip Fund or SBI Bluechip Fund. As your investment amount increases, add other category of schemes.