Can you suggest me best mutual fund for my daughter am I thinking I am invest Rs 50000 each mutual fund about 100000 Rs for long term like 18 years & single time investment & I am expected high returns & moderate risk?
As you are expecting high returns and your risk profile is moderate, therefore, you can invest in balanced funds. Balanced Funds invests 65% in equities and rest in debt instruments and by investing in the same you can enjoy the returns of both asset classes, equity and debt.
To know more about balanced funds. do check the following articles -
https://www.advisorkhoj.com/principalmf...
https://www.advisorkhoj.com/crmf...
https://www.advisorkhoj.com/articles/mutual-funds...
You may choose any 2 - 3 funds from the following and start investing for your daughter -
ICICI Prudential Balanced Fund
SBI Magnum Balanced Fund
DSP BlackRock Balanced Fund
HDFC Balanced Fund
Hope you find the above useful. Thanks for writing to Advisorkhoj.
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