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

Ans: You may look at:

1. UTI flexi cap fund – Growth. OR
2. Parag Parikh Flexi cap – growth OR
3. Samco Flexi Cap – Growth

If you want Mr Singh's advice on your mutual fund investments, please mail your questions to getahead@rediff.co.in with the subject line, 'Ask MF Guru', along with your name, and he will offer his unbiased views.

Ans: small cap is better as you have time by your side. Which small cap you need to reach out to a SEBI registered RIA for that as they are the right people to guide you through a define objective and goal. you can find one in your are through the link - https://www.sebi.gov.in/sebiweb/other/OtherAction.do?doRecognisedFpi=yes&intmId=13

Ans: Hello Ajay and thanks for writing to me.

Assuming that your corpus grows at 13%, you will need to invest around 18,000 every month to create a corpus of Rs.15 Lakh. If you can invest Rs.15,000 every month now and step up the investment by 15% or more, you will be achieve your target corpus.

You can consider starting SIP's in of Rs.3,000 every month in:
1-Edelweiss NIFTY 100 Quality 30 Index Fund
2-DSP Quant Fund
3-SBI Focused Equity Fund
4-UTI Flexi Cap Fund
5-Kotak Focused Equity Fund

Ans: Choosing the right investment for a long-term goal requires careful consideration of your daughter's risk tolerance, investment horizon, and financial goals. Given her young age and ultra-long-term investment horizon, a diversified equity-based mutual fund could be a suitable option.

You can go for a good flexi cap fund along with some allocation to a nice mid cap fund, assuming you will continue SIP for more than 10 years with required increment every year.

Remember to review your portfolio periodically and rebalance it as needed to maintain your desired asset allocation.

Ans: We don't have information about your risk appetite. But assuming that it is at least moderately aggressive, then you can start investing in a combination of largecap index funds, flexicap funds, and midcap funds. Unless you are planning to invest a large amount every month, just limit the number of schemes to 2-3 funds as these give sufficient diversification.

Note (Disclaimer) - As a SEBI RIA, I cannot comment on specific schemes/funds that are provided or asked for in the questions in the platform. And the views expressed above should not be considered professional investment advice or advertisement or otherwise. No specific product/service recommendations have been made and the answers here are for general educational purposes only. The readers are requested to take into consideration all the risk factors including their financial condition, suitability to risk-return profile and the like and take professional investment advice before investing.