Suggest me funds for SIPs: I am a senior citizen and wish to invest for a period of 3 years and more

I am a senior citizen, I wish to invest for a period of 3 years and more through SIP. Which funds would you suggest?

Jul 20, 2016 by Neeta Kochar, Jaipur  |   Mutual Fund

Heartening to note that you want to invest in mutual funds through SIPs even though you are a senior citizen. However, the funds should be chosen based on your risk taking ability and the time horizon.

However, as you are a senior citizen we are presuming you will not be opting for funds with high risk. But if you are able to take moderate risk then you can spread the SIPs in MIPs, Balanced and Large Cap funds. We are giving below the returns from these funds, you can choose a suitable fund for you –

Top performing SIPs – Balanced Funds

Top performing SIPs – Large Cap Funds

Top performing SIPs – Hybrid Funds (MIP)

You might also like to read how top 6 large cap mutual funds created wealth for the investors

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