What are the best mutual fund SIP investments in the long term

I want to invest 30000 in mutual funds per month via SIP. My needs are of long term i.e., retirement, kids education and marriage. I have two kids of 1 and 4 year old. Can you tell me the funds and amount in each fund I should invest, also tell me the best ELSS option?

Jul 10, 2017 by Anand Kumar, Delhi | Mutual Fund

For long term investing through SIPs for meeting your financial goals, you should go with diversified equity funds. Diversified equity funds invests across all sectors and market caps and has been able to deliver superior returns in the past.

Some of the top diversified equity funds are - Birla Sun Life Equity Fund, SBI Magnum Multi-Cap Fund and DSP BlackRock Opportunities Fund.

However, if your need is also to saves taxes, then investing in ELSS funds will make better sense. Please note that ELSS Funds are also diversified equity Funds and best option for saving taxes as well as wealth creation in the long run.

Among top performing ELSS Funds, Birla Sun Life Tax Relief 96 Fund, DSP BlackRock Tax Saver Fund and Reliance Tax Saver Fund can be considered.

Thanks for writing to Advisorkhoj,

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