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Sanjeev

Sanjeev Govila  |192 Answers  |Ask -

Financial Planner - Answered on Aug 06, 2023

Muthyala Question by Muthyala on Aug 05, 2023
Money

I have monthly sip investment as follows Rs5000 each in canara robecco Blue chip equity fund and uti midcap fund. Rs2000/- each in tata digital fund,kotak infrastructure and economic reform fund,sbi small cap fund. Is it ok to çontinue them for one child education who is studying 3rd class

Ans: While Canara Robeco Bluechip Equity Fund is a good fund in the large Cap space, there are much better funds in mid cap space than UTI Midcap Funds. Please google and select yourself.

I do not agree with any body using thematic or sectoral funds for long term goals. The other three funds are cyclical and you may not be suitably placed to judge when to get out of them. I would suggest you to choose a flexicap, a multicap and an asset allocator fund instead of the three funds I am referring to.

Disclaimer:
• I have just no idea about your age, future financial goals, your risk profile, other investments and whether you would have the nerves to not get unduly perturbed if stock markets go temporarily down.
• Hence, please note that I am answering your question in absolute isolation to other parameters which should definitely be considered when answering a question of this type.
• I recommend you to also consult a good financial advisor who would look at your complete profile in totality before you act on this advice given by me.
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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