I WANT TO INVEST Rs. 20,000 P.M. IN MY DAUGHTER'S NAME FOR NEXT 5 YEARS . SUGGEST GOOD MF SCHEMES.
Ans: "For a monthly investment of Rs. 20,000 in your daughter's name for the next 5 years, you can consider the following mutual fund schemes:
Large Cap Equity Funds: These funds invest in well-established and large companies, offering stability and moderate returns over the long term.
Flexi-Cap Funds: These funds offer flexibility by investing across companies of all sizes, aiming for higher returns.
Balanced Advantage Funds: These funds dynamically manage equity and debt exposure based on market conditions, offering a balanced approach.
Children's Funds: Some mutual funds are specifically designed for children's education and future needs. They often come with features tailored for long-term goals.
Ensure you select funds with a consistent track record, low expense ratios, and experienced fund managers. Additionally, keep in mind your risk tolerance and investment objectives when choosing mutual funds. It's also a good idea to consult with a financial advisor to tailor the investment strategy to your daughter's needs and your financial situation."