Omkeshwar Singh | Answer |Ask -Follow
Head, Rank MF - Answered on Jun 08, 2021
For Retirement - next 13 yrs i will invest
1 Axis Bluechip fund direct plan - growth 1000/-
2 SBI Magnum Medium Duration fund direct -growth -3000/-
3 ICICI asset allocator fund FOF direct - growth - 7000/-
4 ICICI Prudential Saving fund direct plan - growth - 3000/-
5 Tata Retirement saving fund progressive P D- growth - 1000/-
6 L&T Midcap fund direct - growth - 1000/-
7 canara Robeco Emerging equities fund direct - growth - 1000/-
For Child Education (next 12 yrs)
1 canara robeco Aggressive hybrid fund - 3000 /-
2 Axis midcap fund - 3000/-
3 Nippon india Multi cap fund - 2000/-
Also need to start two more SIPs about 3500 and 2500 for 14yrs and 17 yrs target for kids’ marriage. Please suggest a fund for marriage goals.
Also need to invest a lump sum of 750,000/- for child education for which fund I will select, the duration minimum should be 7yrs or max 10 yrs for investment?
Please suggest above funds are the right section or not? If not please suggest which fund I will refer to for retirement and Child education.
For Retirement: Need to do investments in Equity Oriented funds so that a decent corpus can be created.
You may continue with 1, 3 and 7 and for rest below can be considered
a) UTI Flexi Cap – Growth
b) Parag Parikh Flexi- Cap Growth
c) Axis ESG Equity Fund – Growth
d) DSP Mid Cap Fund – Growth
For Child’s Education: You may continue with 1 and 2 and consider adding Motilal Oswal Focused- 25 Fund – Growth
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