Q) Which liquid and equity balanced funds are better for 65 years old person ?
A) To park money for immediate/very short-term use, Liquid mutual funds are good. For capital growth as well as relative safety of your money invested - Equity balanced mutual fund schemes are recommended. You may consider HDFC Balanced (Growth) in the balanced mutual fund category.
You may find this useful:
http://www.investmentyogi.com/planning/financial-planning-for-retirees.aspx
