Which mutual fund can I invest for the future of my daughter

As you can take moderate risk you can invest in large cap funds or balanced funds for your daughter's future. You can assume 12% annual returns and based on that can expect around Rs 8 Lakhs after 18 years against your investment of only Rs 1 Lakh now.

From large cap funds, you can invest in either SBI Bluechip Fund or Birla Sun Life Frontline Equity Fund. You can choose to invest either in ICICI Prudential Balanced Fund or SBI Magnum Balanced Fund from the balanced fund category.

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