Hi sreekanth,
I need your advice on fresh investment on 10 lakhs in MF. Person is 60 yrs old businessman and wants to invest in funds which can give abt 12% return and risk level should be low. Can invest in lt equity dynamic fund and others balanced funds like ICICI balance advantage fund.
Pl suggest the best funds for 5 yrs.
1 Answers
Hi,
Risk level should be low & return around 12%?? - Kindly clarify.
Kindly note that Equity oriented balanced funds are subject to risks.
If one would like to take low risk, may be conservative MIP can be a better avenue.
Kindly read:
https://www.relakhs.com/best-monthly-income-plans-india-mutual-funds/
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