Best mutual funds, June 16 -- Wealth creation includes saving money for long term financial goals such as buying a dream house, retirement and children's education. There are some solution-oriented mutual funds which help investors meet these specific financial goals over a period of time.

There are essentially two categories of solution-oriented mutual funds: retirement and children's education. Children's funds constitutes a diminutive category in the entire mutual fund universe. There are a total of 12 children's fund schemes only with total AUM of Rs.23,523 crore. In contrast, there are a total of 29 retirement schemes (the other sub-section of solution oriented schemes) with total AUM of Rs.31,006 crore.

The schemes which enable re...