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Omkeshwar Singh | Answer |Ask -Follow

Head, Rank MF - Answered on Mar 19, 2021

Mutual Fund Expert... more

Question by yoshowant on Mar 19, 2021Hindi

Money

My child is 5 years old. I am planning for a long term investment into Mutual Funds for his studies. I plan to invest some amount per month in SIP for 13 years. My target is 30 -40 lakhs. Please advice the MFs I should invest in and what should be my monthly SIP amount.

Ans: Rs 10000 per month for 13 years can create a corpus up to Rs. 40 lakhs

Rs. 2500 in each per month

Axis ESG Equity fund – Growth
UTI Flexi Cap fund – Growth
PPFAS Flexi Cap – Growth
DSP Quant Fund – Growth

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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