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Omkeshwar

Omkeshwar Singh  | Answer  |Ask -

Head, Rank MF - Answered on Nov 18, 2022

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Murugavel Question by Murugavel on Nov 18, 2022Hindi
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Hope you are doing well. 

I am 42 year old working in the IT field and having 6k/ month SIP running since 2017. I invested this SIP in ABSL-95 Growth Fund. I am planning to invest 20k additionally per month, please suggest some good MF to meet my below goals:

1. My child education which is 8 years from now targeting 15 - 25L

2. Retire with good savings (1 cr) in another 12 - 15 years

Also, I am planning for a lump sum of 5L investment. Please advice for the same. 

Ans: A few schemes that you can consider are:

UTI Flexi Cap Fund – Growth

Axis ESG Equity Fund – Growth

HDFC Index Fund – Sensex Plan – Growth

Samco Flexi cap Fund - Growth

Corpus of Rs. 20 lakh in 8 years requires a monthly investment of Rs. 11,500 /-

Corpus of Rs. 1 cr in 15 years requires a monthly investment of Rs. 16,500 /-

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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