I am 42yrs old with savings in GPF only. Ready to invest in MF for 20yrs & my Goals being child education 20lakh after 5 yrs & retirement corpus of 2CR. Kindly suggest Mutual funds and SIP amount to achieve above goals.

Ans: These are decent funds, no need to add any more funds, depending upon the corpus required for different goals step up the amount in the above funds only!

Ans: Please find few top rated schemes for your consideration:

Equity - Multi Cap Fund:

1. UTI Equity Fund – Growth
2. Axis Multicap Fund – Growth

Equity - Large Cap Fund:

1. UTI Mastershare Unit Scheme - Growth Plan
2. LIC MF Large Cap Fund-growth

Equity - Mid Cap Fund:

1. MOSL Midcap 30 Fund – Growth
2. DSP midcap – growth

Equity - Small Cap Fund:

1. Kotak Small Cap Fund – Growth
2. Axis Small cap Fund - Growth

Equity Focused Fund:

1. Axis Focused 25 Fund Growth
2. MOSL Focused 25 Fund Growth

Ans: You can consider Axis ESG Equity Fund (Growth), DSP Focus Fund (Growth), ICICI Prudential US Bluechip Equity Fund (Growth), Parag Parikh Flexi Cap Fund (Growth), SBI Magnum Globad Fund (Growth) and DSP Quant Fund (Growth).

 

Ans: Given your investment goals and time horizon, here's a suggested investment plan:

Retirement Corpus:

Allocate a significant portion of your SIP amount to large-cap, multi-cap, and diversified equity funds.
Large-cap funds offer stability, while multi-cap and diversified equity funds provide growth potential.
Gradually increase SIP amounts annually to keep pace with inflation and salary increments.
Child Education Corpus:

Diversify your SIPs across large-cap, multi-cap, balanced, and thematic funds.
Large-cap funds offer stability, while multi-cap and balanced funds provide growth potential with lower volatility.
Thematic funds can be considered for specific sectors or themes with growth potential, but exercise caution due to higher risk.
Combined SIP Allocation:

Allocate SIP investments based on your risk tolerance, investment horizon, and financial goals.
Balance the allocation between retirement and child education based on priority and time horizon.
Gradually increase SIP amounts annually to align with your financial goals and growing expenses.
Review and Monitoring:

Regularly review the performance of your SIP investments and adjust asset allocation if necessary.
Seek advice from a financial advisor to periodically assess your progress and make any required adjustments to stay on track with your goals.
By following a diversified investment approach and gradually increasing your SIP amounts over time, you can work towards building a substantial corpus for both your retirement and your child's education.

Ans: For a lump sum investment of ?5 lakh for 20 years, consider diversified equity funds or index funds for stability and growth potential.

For ?10k/month SIP, diversify across large-cap, mid-cap, and flexi-cap funds to balance risk and return over the long term.

It's essential to choose funds aligned with your risk tolerance and financial goals. It's advisable to consult with a financial advisor to select funds that suit your needs best.