Sir, I want to invest in the following funds on long term basis for my grand daughter who is six years old.
1) Hdfc multi cap fund growth direct
2) Icici Multi asset fund growth direct
3)Sbi blue chip fund growth direct
4) Tata or Uti mid cap fund growth direct
Each fund Rs.2500 month for her requirements like education marriage etc.
Kindly suggest your views.
3)
Ans: Investing for your granddaughter's future is a thoughtful gesture! Here's a view on your selected funds:
HDFC Multi Cap Fund Growth Direct: This fund offers diversification across large, mid, and small-cap stocks, suitable for long-term wealth creation. Its seasoned fund management team and consistent track record make it a solid choice for your granddaughter's portfolio.
ICICI Multi Asset Fund Growth Direct: With a flexible allocation across equity, debt, and gold, this fund provides diversification and downside protection. It's suitable for investors seeking a balanced approach to risk and return, making it a good addition to your portfolio.
SBI Blue Chip Fund Growth Direct: This fund invests predominantly in large-cap stocks with a proven track record, offering stability and growth potential over the long term. It's ideal for investors seeking exposure to quality blue-chip companies.
Tata or UTI Mid Cap Fund Growth Direct: Mid-cap funds like these offer exposure to high-growth potential companies, albeit with higher volatility. They're suitable for investors with a higher risk tolerance and a long-term investment horizon.
Overall, your selected funds cover various market segments and offer diversification, which is essential for long-term wealth creation. Regularly review the portfolio's performance and adjust allocations if needed to stay aligned with your granddaughter's future goals. Consulting a Certified Financial Planner can provide personalized guidance and ensure your investment strategy is optimized for her future needs.
