I am 31 years old. My child is 2.5 years old.
Currently investing for three years.
Long term goals:
For my child's education when he turns 18 years -- Rs 2 crores.
For his marriage -- Rs 50 lakhs
For our retirement -- Rs 2 crores
Currently investing in:
Mutual Funds | Plan type | Amount |
1. HDFC Mid-Cap Opportunities Fund | Growth | Rs 1,500 |
2. HDFC Flexi Cap Fund | Growth | Rs 1,500 |
3. ICICI Prudential Value Discovery Fund | Growth | Rs 1,000 |
4. Motilal Oswal Midcap 30 Fund | Regular Plan -- Growth | Rs 1,000 |
5) Axis Bluechip Fund | Direct Plan -- Growth | Rs 1,000 |
6) HDFC Life Click2Invest ULIP | | Rs 5,000 |
7) Axis Quant Fund | Direct Growth | Rs 1,000 |
Please suggest whether these are ok or not.
How much corpus it would generate in next 20 years if I continue like this?
I need to invest another Rs 8,000 monthly. Which fund to invest in?