Sir, recently I have started to invest in Mutual funds. Below funds i have invested please suggest are those are right selection. If not, please suggest which fund I will invest in for the next 13 yrs.

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.

Ans: Ashwin, my son, graduated from RVCE in 2023 and secured employment through campus placement with a reputable software company. Despite being among the highest achievers in COMEDK, he opted for ECE instead of the more accessible CSE. We did not compel him to join CSE. Following his second year, he progressively shown an interest in software and obtained several certifications through NPTEL, Internshala, and similar platforms. Regarding his experience, while ISE is commendable, CSE is the superior option. Simply enter 'RV placement statistics 2024'. Select the initial result to get the Placement Statistics of RV directly. The top placements are for Computer Science Engineering, followed by Electronics and Communication Engineering, and then Information Science Engineering. The recommendations of your seniors, your personal interests, and the branch with the highest placement statistics are distinct considerations. Kindly review the Course Curriculum for both CSE and ISE and make a decision. Kindly review one of my detailed responses below, in which I have explicitly outlined the stages, recommendations, and methods that a first-year engineering student should adhere to till their fourth year for campus placement. All the BEST for Your Prosperous Future.

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