Hope you are doing well! I would like to know which MF should I invest and with how much amount for below corpus.
Retirement - 2cr
Daughter’s Education – 50 lakh
Also please suggest how much i should invest yearly in Sukanya Samrudhi Yojna.
Ans: Retirement: You may consider below funds:
- Parag Parikh Flexi Cap Fund- Growth
- Samco Flexi Cap Fund – Growth
- UTI MNC Fund - Growth Plan
- HDFC Index Fund - Sensex Plan - Growth
Monthly Investment of Rs 30,000 for 15 years
Daughter Education:
1. Parag Parikh Conservative Hybrid Fund - Growth.
2) ICICI Prudential Balanced Advantage Fund - Growth
3) HDFC Balanced Advantage Fund - Growth
Monthly Investment of Rs 30,000 for 10 years
You may invest up to 1.5 lakh per annum in Sukanya Samrudhi Yojna and also claim tax deduction under section 80 C