Which are the best performing mutual funds in the balanced fund category

I want to put RS 10 lacs lump sum in balanced fund for 10 years. My aim is to raise my fund so I am ready to take risk. I have some idea about balanced fund but now a days market is near its lifetime high. So is it advisable to put 10 lacs Rs lump sum? Is the balanced fund good also in higher market? Can we invest in this higher market?

Aug 27, 2017 by Gaurav S Patel, Anand | Mutual Fund

Glad to note that you have a long term investment horizon for investing in mutual funds.

Yes, markets are at all time high level and if experts are to be believed then we are in the middle of a long term bull run. Therefore, you can invest in lump sum in balanced funds as your investment horizon is 10 years.

However, in case you feel shaky in investing the entire lump sum of Rs 10 Lakhs or/ and do not want to take risk, you can invest in liquid funds and transfer a fixed amount every week through STP in balanced funds over 12 months period. This might help you in rupee cost averaging of the unit prices if the markets remain choppy.

Balanced funds are very good option as they invest in both, equity and debt instruments. Balanced Funds are suitable for investors with moderately high risk profile with investment horizon of at least 5 years.

Some of the top performing balanced mutual funds are - ICICI Prudential Balanced Fund, SBI Magnum Balanced Fund, DSP BlackRock Balanced Fund and HDFC Balanced Fund.

Hope the above helps! Thanks for writing to Advisorkhoj.

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