I want to start SIPs for my daughter who is 19 and my son, 15.
I want to invest 5000 SIP for each member per month for at least 10 years for her higher education & marriage. Kindly guide me for the same to looking my age 48 also suggest for myself any insurance plan at present I have no any plan except Term Plan.
Ans: Term plan is good enough but ensure you have adequate cover; also take medical insurance -- Family floater
The schemes that you may consider are as under
- Samco Flexi Cap Fund - Growth
- Hdfc Index Fund - Sensex Plan - Growth
- Parag Parikh Flexi Cap Fund- Growth
- Uti Mnc Fund - Growth Plan