I want to invest Rs 2000/- in MF for a long time for my 6-yr-old daughter’s marriage without tax benefit. Kindly suggest me where to invest for quite assured high return though MF investment is subject to market risk.
Ans: Equity schemes are best suited for creation wealth in long run and the suitable schemes are as under ( Can start SIP of Rs. 500 in each of these 4 funds)
- UTI Equity Fund - Growth
- Axis Focused 25 Fund - Growth
- Motilal 30 mid cap fund – Growth
- LIC MF Large cap fund - Growth