I am 30 and have been recently bless with a child and want to invest Rs 3,000 for him for the next 10-12 years. Please suggest a good fund for the same.
- Saju John
It is encouraging to note that you are taking the responsibility of parenthood seriously by saving for your child. With a 10-12 year time frame you time n your side and should look for large- and large- and mid-cap funds. You should consider large-cap funds such as DSPBR Top 100 Equity or Franklin India Bluechip or large- and mid-cap funds such as HDFC Top 200 or Fidelity India Growth. All these funds are aggressive and have a proven track record. Monitor the progress of these funds and consider moving to debt funds as you approach the year when you need the investment.