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What are the best mutual funds to invest in for my 17 year old daughter through SIP?

Milind Vadjikar |1050 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Dec 04, 2024

Milind Vadjikar is an independent MF distributor registered with Association of Mutual Funds in India (AMFI) and a retirement financial planning advisor registered with Pension Fund Regulatory and Development Authority (PFRDA).
He has a mechanical engineering degree from Government Engineering College, Sambhajinagar, and an MBA in international business from the Symbiosis Institute of Business Management, Pune.
With over 16 years of experience in stock investments, and over six year experience in investment guidance and support, he believes that balanced asset allocation and goal-focused disciplined investing is the key to achieving investor goals.... more

Question by KRISHNA on Dec 04, 2024Hindi

Money

I want to start a SIP in MFs for my 17 yers old daughter. Please suggest in which MF's to SIP in.

Ans: Hello;

What is the time horizon for which you want to invest?

For 3-5 year duration she may begin her sip in a good balanced advantage fund. You may select any fund from the top quartile in this category for your time horizon.

Happy Investing;
X: @mars_invest

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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