Hi, I am salaried 40 yrs age, I would like to start investing in mutual funds upto 25k through SIP, apart from this investing in SSY, PPF for my kids and their education. What are good funds for next 10 years which gives good returns

Ans: starting a systematic investment plan (SIP) in mutual funds is a smart move to build wealth over the long term. Considering your investment horizon of 10 years, here are some mutual fund categories you may consider for potential growth:
1. Large Cap Funds: These funds invest in well-established companies with a track record of stable performance. They are relatively less volatile and can provide steady returns over the long term. Look for funds with a consistent track record of outperformance compared to their benchmark indices.
2. Multi-Cap Funds: These funds offer flexibility to invest across companies of various sizes and sectors. They can adapt to market conditions and capitalize on emerging opportunities. Opt for funds managed by experienced fund managers with a proven track record of delivering consistent returns across market cycles.
3. Mid and Small Cap Funds: While these funds carry higher risk due to the volatility associated with smaller companies, they also offer the potential for higher returns. Invest in them with a long-term perspective and choose funds with a focus on quality stocks and strong fundamentals.
4. Balanced Advantage Funds: These funds dynamically manage asset allocation between equity and debt based on market valuations. They aim to provide steady returns with lower volatility compared to pure equity funds. Consider allocating a portion of your SIP amount to such funds for downside protection during market downturns.
5. Index Funds: If you prefer passive investing, index funds can be a cost-effective option. They replicate the performance of a specific index like Nifty 50 or Sensex. While they may not outperform actively managed funds, they offer broad market exposure at a lower cost.
Remember, while selecting mutual funds, focus on factors like fund performance, fund manager's track record, expense ratio, and consistency of returns. It's also essential to diversify your investments across different fund categories to spread risk effectively.
Apart from mutual funds, investing in Sukanya Samriddhi Yojana (SSY) and Public Provident Fund (PPF) for your kids' education is a prudent choice. These government-backed schemes offer attractive interest rates and tax benefits, making them ideal for long-term savings.
As always, consult with a Certified Financial Planner to tailor an investment strategy that aligns with your financial goals, risk tolerance, and time horizon. Stay disciplined with your investments, and over time, you'll likely see your wealth grow steadily.