Want to know more about balanced funds as my dad wants to invest in it

As you suggested I invest extra money into SIP for Franklin India High Growth Fund. I divide 10000 into 2 funds that is 5000 in Axis Long Term Equity and 5000 in Birla Sunlife Tax Relief 96 Funds. So is it ok that I invested money into ELSS scheme? I just want to know more about best balanced fund scheme. My dad wants to invests some money (nearly about in lacs) but I am confuse about whether the large amount of money invest in equity market is secure or not? Suggest some best balanced funds schemes?

Sep 14, 2016 by Sonal Bhoge, Pune | Mutual Fund

1. By investing in SIPs of Franklin India High Growth Companies Fund, Axis Long Term equity Fund and Birla Sun Life Tax Relief 96 Fund, you have taken a good decision

2. By investing in ELSS funds, you have actually invested in the best tax saving option available for tax rebate under Section 80C of the Income Tax act 1961.

3. You have rightly mentioned that there is some amount of risk if you invest in balanced funds but if your father has an investment horizon of 3-5 years then this risk gets minimized over period of time. To know more about balanced funds do read these –

https://www.advisorkhoj.com/company...

https://www.advisorkhoj.com/articles/Balanced-Funds...

https://www.advisorkhoj.com/articles/Mutual-Funds...

https://www.advisorkhoj.com/best-mutual-funds...

4. We have done a review of best balanced funds to invest in 2016. Pleae read the same https://www.advisorkhoj.com/best-mutual-funds...

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