Hi,
i want to invest 5000 each for my two son on monthly basis, one is 18 years old n one is 16. which option should I select for both of them
Ans: Your both sons are young, which might mean they have a long-term horizon for investing and can consider some risk in order to potentially generate higher returns over the long term (Say 10-12 Years).
However, it’s important to choose an investment option that is appropriate as per risk tolerance. If one is not sure how much risk they are comfortable with, it's a good idea to take a risk profiling test.
Also, you must consider the goals of your children while investing for them, you can choose an investment option that is aligned with their goals.
But if the investment horizon is long with a high-risk appetite and no near-term goals (6-7 Years), you can start a monthly investment of Rs. 2,500 in any Flexi Cap and the remaining Rs. 2,500 in any Mid Cap Fund.