My Goal is to have 75 Lakh after 12 years for my Child Education and so for that i have started to invest.Mirae Assetlarge Cap Fund-Regular Growth Fund-5000 Per month
Nippon India Growth Fund Growth plan Growth option 2500 per month
SBI Small Cap Fund Regular Growth-2500 per month
HDFC Flexi Cap Fund -Regular Plan growth-5000 Per month
Ans: Your investment strategy seems well-diversified across different types of mutual funds, which is a good approach to achieve your financial goal of accumulating 75 lakh for your child's education in 12 years. Here are some key points to consider:
Diversification: You have invested in large-cap, mid-cap, small-cap, and flexi-cap funds, providing diversification across different market capitalizations. This can help mitigate risk and capture growth opportunities across various segments of the market.
Consistency: Consistently investing monthly amounts in SIPs demonstrates discipline and commitment towards achieving your goal. It's essential to maintain this disciplined approach over the long term.
Review and Monitor: Periodically review the performance of your funds and ensure they are aligned with your investment objectives. Monitor changes in market conditions and make adjustments to your portfolio if necessary.
Risk Management: Small and mid-cap funds tend to be more volatile compared to large-cap funds. Ensure you are comfortable with the risk associated with these investments and have a long-term investment horizon to ride out market fluctuations.
Regular Contributions: Consider increasing your monthly SIP contributions over time, especially if your income allows for it. This can accelerate the growth of your investment and help you reach your goal faster.
Seek Professional Advice: If you're uncertain about your investment strategy or need personalized guidance, consider consulting with a financial advisor who can provide tailored recommendations based on your specific financial situation and goals.
Overall, your investment strategy appears to be on track towards achieving your goal of accumulating 75 lakh for your child's education in 12 years. Continue to stay disciplined, monitor your investments, and make adjustments as needed to stay on course.
