Hope you are doing well.
I am 42 year old working in the IT field and having 6k/ month SIP running since 2017. I invested this SIP in ABSL-95 Growth Fund. I am planning to invest 20k additionally per month, please suggest some good MF to meet my below goals:
1. My child education which is 8 years from now targeting 15 - 25L
2. Retire with good savings (1 cr) in another 12 - 15 years
Also, I am planning for a lump sum of 5L investment. Please advice for the same.
Ans: A few schemes that you can consider are:
UTI Flexi Cap Fund – Growth
Axis ESG Equity Fund – Growth
HDFC Index Fund – Sensex Plan – Growth
Samco Flexi cap Fund - Growth
Corpus of Rs. 20 lakh in 8 years requires a monthly investment of Rs. 11,500 /-
Corpus of Rs. 1 cr in 15 years requires a monthly investment of Rs. 16,500 /-