Which fund is good if I want to invest for 10 years

I want to invest in Equity Mutual funds with a horizon of 10 years. Which fund should I choose as SIP. (ICICI Value Discovery, Birla Sun Life Equity, Fraknlin India Prima Plus and ICICI or HDFC Balanced Fund - SIP of 2500 each is what currently I am thinking). I too want the lumpsum investment (5L). Debt Funds has LTCG and hence I want to avoid it. Any MF where returns after 1/3 year are tax free and are less risky?

Apr 6, 2017 by Abhishek, Delhi | Mutual Fund

The schemes you have shortlisted are amongst top performing in their respective categories and therefore you may go ahead with your SIP investments of Rs 2500 in each scheme.

Though there is long term capital gains tax on debt funds (holding period of more than 3 years) - @20% post indexation benefit - these funds are better than fixed deposits as far as return is concerned. Debt funds are also less riskier than equity funds.

However, if you can take little higher risk then you can invest in large cap equity funds as long term capital gains on equity mutual funds are totally tax free (holding period more than 1 year). Large cap funds are little less riskier than mid & small cap fund and diversified equity funds and maybe suitable for you for your lump sum investment of Rs 5 Lakhs with 3+ years of investment horizon.

SBI Bluechip, Birla Sun Life Frontline Equity and ICICI Prudential Focused Bluechip funds can be good choices in this category.

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