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.
This article was originally published on June 20, 2011.
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