I am, aged 32, all set to invest 1 L every year (me and my wife together) in mutual funds. We plan for a long term investment keeping retirement in mind, 20-25 years after. What kind of funds are recommended?
Also I plan to invest an amount of 20 K annual for 20 years for children.
I am not looking at short term goals at all. How tax savings funds are (tax benefits on investments) different from balanced funds/diversified equtiy funds? Tax savings is not a priority at all as home loans and PPF will do it to some extend.
Suggestions highly appreciated.