To enhance your returns you will have to invest in equities. However, there are some factors that you need to keep in mind. In the last couple of years, the equity has performed well which is why the balanced fund returns have been good. This might not always be the case, as equity is volatile. And, if the market doesn't perform well, then the value of your asset will go down.
For your regular income, post-retirement, you should depend on fixed income avenues like SCSS or fixed income funds. This should be in such a way that your 1 to 3 years income should be derived from these options. The money that you require in future will have to perform 1.5 to 2% more than inflation. So, such a corpus should be kept in conservative equity funds like the one you hold.
Top 10 Tax Saver Mutual Funds for 2018
Best 10 ELSS Mutual Funds to Invest in India for 2018
1. DSP BlackRock Tax Saver Fund
2. Tata India Tax Savings Fund
3. Birla Sun Life Tax Relief 96
4. ICICI Prudential Long Term Equity Fund
5. Invesco India Tax Plan
6. Franklin India TaxShield
7. Reliance Tax Saver (ELSS) Fund
8. BNP Paribas Long Term Equity Fund
9. Axis Tax Saver Fund
10. Sundaram Diversified Equity Fund
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