Which mutual fund is best to invest for next 5 years

From your query, it is not clear whether you need the regular return from your mutual fund investments with immediate effect or after 5 years.

The other thing is that investment in mutual funds should be based on your risk profile and investment horizon. As we are not aware about your risk profile we are unable to suggest you any particular funds. We can only suggest that if your risk profile is moderate, you can invest in debt funds or hybrid debt funds. However, if your risk profile is moderately high, you can invest in balanced funds or large cap funds. And in case of High risk profile, investment in diversified equity funds and mid and small cap fund can be suggested.

You can invest in any of the above category of funds and draw a fixed income now or after 5 years, depending upon when you need, through monthly SWP.

If you do not know more about SWP, we suggest reading the following -

https://www.advisorkhoj.com/articles/Mutual-Funds...

https://www.advisorkhoj.com/post-your-queries...

Now coming back to the current market levels and if you should invest now or not, we feel that investors with long term investment horizon can invest now without trying to time the market. However, those who are not very sure about their investment horizon or not confident to invest at the current market levels can invest through STP over 6-12 months period.

Hope the above helps you. Thanks for writing to Advisorkhoj !