Sir I am 37 year old ... having salary of 1.2 lacs per months and want to save money for child higher education. Please suggest how to invest in SIP currently having 14500 SIP in Sbi energy opportunities fund lumsum 50000 Hdfc noncyclic consumer fund Sip of 4000 Edelweiss small cap fund sip of. 4000 Kotak emerging equity fund sip of. 4000 Flexi cap. 1500 Hdfc multicap fund. 1500 (50000 lumsum) Icici prudential value discovery fund. 1000 Total SIP per month 14500 and will increase to 30000 but Please review and suggest if i have chossen correct category or need to switch Waiting for your suggestion and thanks in advance

Ans: It's great to see your proactive approach towards saving for your child's higher education. With your current SIP investments, you're already on the right track. However, it's essential to regularly review and adjust your investment strategy to align with your goals and market conditions.

Considering your income and the goal of funding your child's education, diversifying your investments further could be beneficial. You might consider adding SIPs in diversified equity funds or balanced funds to spread the risk and potentially enhance returns.

A Certified Financial Planner can provide personalized advice after assessing your risk tolerance, investment horizon, and financial goals. They can help you optimize your portfolio, recommend suitable fund categories, and suggest any necessary switches to align with your objectives.

Remember, investing is a journey that requires periodic review and adjustments. As you plan to increase your SIP amount, it's crucial to ensure that your investments are well-diversified and aligned with your goals. Seeking professional guidance can help you make informed decisions and achieve your savings target. Best wishes for your child's bright future!