I'm seeking advice on the following:
a. Planning to invest 10k per month in MF for a long term with an objective of wealth creation. Risk appetite is moderate. Please suggest funds.
b. Planning to invest 10Lakh for short term, 6months to 12 months holding. Please suggest some debt funds.
Ans: Please be informed, that the Equity oriented schemes (Equity / Hybrid) come under high to very high risk categories and not moderate. Therefore, Hybrid balanced advantage can only be considered which has moderately high risk.
- ICICI Pru Balanced advantage fund - Growth
- Union Balanced advantage fund -- Growth
- Tata Balanced advantage fund growth
For 6 to 12 months you may look at low duration funds as under:
- Icici Prudential Savings Fund - Growth
- Aditya Birla Sun Life Low Duration Fund - Growth-
- Hdfc Low Duration Fund - Retail- Growth