Can you suggest mutual fund investments for 4 to 5 years

You can invest in balanced funds as your investment horizon is 4-5 years. Balanced funds invest upto 65% in equities and rest in debt instruments and therefore less risky than pure equity funds. Balance fund enjoy equity taxation as long term capital gain tax (gains made after one year) is tax free. Dividends declared by balanced funds are also tax free.

Some of the top performing balanced funds are - ICICI Prudential Balanced Fund, HDFC Balanced Fund, SBI Magnum Balanced Fund, L&T India Prudence Fund and DSP BlackRock Balanced Fund. Please check the complete list here Top and consistent performing balanced funds.

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