I want to start a SIP for my son who is 21 years old. This is for 10000 per month with regular top ups for a duration of about 30 years. Which category of mutual fund would be advisable for this? And what kind of returns can be expected in percentage terms in this
Thank you
Akhilesh
Ans: Hi Akhilesh, thank you for writing to me. As your goal duration is long, your son will see the benefits of compounding.
As your goal seems to be long term wealth creation, I recommend you invest in equity and hybrid funds.
You can consider starting monthly SIP's in:
1-Samco Flexicap Fund- Rs.2,500
2-Edelweiss Nifty 100 Quality 30 Index Fund- Rs.2,500
3-DSP Quant Fund-Rs.2,500
4-HDFC Top 100 Fund-Rs.2,500
