I want to invest in 5 selected stocks monthly (around Rs 1000 in each stock) with an aim to get good returns in 5 or 10 year mark. Could you please guide me if it will be okay to go this way and what would be your recommended stocks in your opinion then?
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Good decision to opt for SIP. Recommended stocks would be
1. HINDUNILVR
2. SBIN
3. HEROHONDA
4. IDEA
5. POWERGRID
Stay disciplined with your investments and have patience.
All the best.