I want to make investments to secure my daughter’s future education and marriage. What is the best way to invest for this goal?- Sanjay Sharma
When investing for the future of children you have the advantage of time with the investment and reach the goal of building a sizeable corpus for the child. You should look at investing regularly in large- and large- and mid-cap funds to get the most of power of compounding and SIP investments. You should consider large-cap funds such as DSPBR Top 100 Equity, Franklin India Bluechip or ICICI Pru Focussed Bluechip or large- and mid-cap funds such as HDFC Top 200 or BSL Frontline Equity. 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. You can consider moving your investments to a debt fund as you approach the year when you need the money for education and marriage.