I am a government servant. I can save monthly 5000 upto jan 2026… guide me how can I save
If your investment horizon is 10 years, then the asset allocation must be 60:40 in equity and debt. For equity, you can use one large cap fund (Franklin India Bluechip Fund or Birla Sunlife Frontline Equity Fund) and one mid cap fund (like HDFC Midcap Fund or Franklin India Prima Fund). Regarding debt, you can use ultra-short term debt funds.
If you don’t want separate funds for equity and debt, then use equity-oriented balanced fund like HDFC Balanced Fund (a single fund enough).