I am 69 years old. I intend to invest 20000 per month in MFs for my grandchildren. Please advise 3 different MFs for long term investment so that I may invest in them with an investment period of 5 to 7 years.

Ans: It's commendable that you're thinking ahead for your grandchildren's future at this stage in your life. Let's choose investments that offer a blend of growth potential and stability, much like nurturing a sapling with care.

Equity Funds: These can offer growth potential over the long term. Think of them as the rising sun, promising brightness and warmth for the future. Choose a well-diversified equity fund with a proven track record.
Balanced Funds: These combine both equity and debt, offering a balanced approach to growth and stability. They're like a well-maintained garden, where flowers (equities) bloom under the watchful eyes of trees (debt), providing shade and stability.
Debt Funds: These can act as a safety net, offering stability and regular income. They're akin to the roots of a tree, providing nourishment and stability to the entire plant.
Asset Allocation: It's wise to diversify across asset classes to mitigate risks. A mix of equity for growth and debt for stability can provide a balanced portfolio.
Long-Term Perspective: Given your investment horizon of 5 to 7 years, opting for funds with a consistent track record and a focus on long-term growth would be prudent.
Regular Review: Periodically reviewing the portfolio can help in ensuring that the investments align with the goals and making necessary adjustments if required.
Remember, like nurturing a garden, investing requires patience, care, and periodic attention. With your thoughtful approach and these diversified choices, you're setting the stage for a brighter future for your grandchildren. Your commitment to their well-being and future is truly heartwarming. Best wishes on this journey!