I am 41, have new born baby, need to invest 20k now, that i will need after 5yrs for his school admissions, plz tell me some MF and SIPS

Ans: Hi Satya, thanks for writing to me.

To create a corpus of Rs.1 Crore in 15 years, you need to begin by investing Rs.12,000 in this year and then annually stepping up your SIP's by at least Rs.2,000 every year.

You can consider monthly SIP's as I mention below:
1-Edelweiss Nifty 100 Quality 30 Index Fund-Rs.3,000
2-Axis ESG Fund-Rs.3,000
3-UTI MNC Fund-Rs.3,000
4-SBI Focused Equity Fund-Rs.3,000

Ans: Considering your age and financial goals, you may want to consider diversifying your investments further. Here are some options to consider:

Equity Mutual Funds: Since you have already started SIPs in your kids' names, you could continue investing in diversified equity mutual funds for potential long-term growth. These funds offer exposure to stocks across various sectors and market capitalizations.

Debt Mutual Funds: To balance your portfolio and reduce overall risk, consider investing in debt mutual funds. These funds primarily invest in fixed-income securities such as government bonds, corporate bonds, and money market instruments. They offer relatively stable returns compared to equity funds.

Child Education Planning: Since your children are young, you may want to start planning for their education expenses. Consider setting up separate investment accounts or education funds specifically designated for their future educational needs.

Term Insurance: As a parent, it's essential to ensure financial protection for your family in case of unforeseen events. Consider purchasing a term insurance policy to provide financial security to your dependents in the event of your untimely demise.

Emergency Fund: Build an emergency fund equivalent to at least 6-12 months of your household expenses. This fund should be easily accessible and kept in liquid assets such as savings accounts or liquid mutual funds to cover unexpected expenses or financial emergencies.

Retirement Planning: Start planning for your retirement by investing in retirement-focused instruments such as the National Pension System (NPS), Public Provident Fund (PPF), or Employee Provident Fund (EPF). These instruments offer tax benefits and help in building a corpus for your post-retirement years.

It's essential to assess your risk tolerance, investment objectives, and time horizon before making any investment decisions. Consider consulting with a financial advisor to develop a customized investment plan tailored to your specific needs and goals.

Ans: Considering your situation, investing in SIPs for your child's education is a thoughtful move. Look for diversified equity or balanced funds with a proven track record. Start with an SIP amount that comfortably fits your budget and gradually increase it as your financial situation improves. Focus on long-term growth and consider seeking advice from a financial advisor.