invest 45000 in mfs kishan, 24 May 2013

I want to invest 45000 in MFs, Which mutual funds should i choose for a max 3 year for high retrns and moderate risk. Tax benefits not necessary. My age is 32 yrs.

Fintotal Answer

You are looking for the investment in mutual funds for 3 years, which is a medium term investment(3 to 5 years). One important rule to remember is that medium term investments should be in balanced funds and long term investments in equities. Based on this you may invest in HDFC Balanced Fund or HDFC Prudence Fund. It is one of the best funds for the medium term goals. Read the Review of the funds on our website(http://mutualfunds.fintotal.com/) and also an article on Choosing an appropriate mutual fund by clicking http://www.mutualfunds.fintotal.com/Basics/Choosing-an-Appropriate-Mutual-Fund/368/74.

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