Mutual funds for a moderate risk taker

I want to start investing in mutual funds for my newborn child's future education. I want to invest in funds which have moderate risk. Kindly suggest me best performing mutual funds for my child's education.
-- Satish Kandula

Raghvendra Nath, MD at Ladderup Wealth Management, responds:

Firstly, congratulations on becoming a father. Talking about your investment plan, it’s an excellent thought to start investing in mutual funds for your child’s future education. As you might know, the education inflation in India and abroad is above 8 per cent. With such high inflation, one should understand that any educational course costing somewhere Rs 5 lakh can reach to 10-15 lakh in next 10 to 15 years. So for such a goal, I think if you have a longer term horizon, equity mutual funds are preferred option. For your goal, I would recommend investing via SIP in Axis Bluechip fund, Reliance Large Cap Fund, Mirae Asset Emerging Bluechip Fund and L&T Emerging Businesses Fund. Investment in equity funds via SIP can deliver a decent returns for the next 10-15 years.