I am 50 years old, my risk profile is moderate and want to invest around 25 Lakh in MF for 10 years for wealth creation. Please advise in what types of MF should I invest and also suggest some MF name from that categories?
As your risk profile is moderate and the investment horizon is 10 years, balanced fund could be the ideal fit for you for long term wealth creation.
Balanced funds invest upto 65% of the assets in equities and rest in debt. Balanced funds as a category has given over 18%, 17% and 15% return in the last 1, 3 and 5 years period respectively. Top performing balanced funds have given even better returns than this.
Please read the following to know more about balanced funds -
Following Balanced Funds could be a good choice for your investments -
ICICI Prudential Balanced Fund
DSP BlackRock Balanced Fund
SBI Magnum Balanced Fund
HDFC Balanced Fund
Hope the above helps you.
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