I want to start a SIP for the future needs of my child’s education and marriage which I will need after 15-20 years. Please suggest funds that I can invest Rs 2,000 every month for this goal?
- Daman Singh
Investing for 15-20 years will achieve best results when done through SIPs and you can hope to build a sizeable corpus for your child. Rs 2,000 every month earning an annualised 12 per cent return will accumulate Rs 10 lakh or Rs 13.5 lakh if it earns an annualised 15 per cent return. For such a long tenure you can consider investing in large-cap funds such as DSPBR Top 100 Equity or Franklin India Bluechip and large- and mid-cap funds such as HDFC Top 200 or Fidelity Equity which are all highly rated with a proven track record and performance history. Also make sure that you invest regularly and track the performance of the funds that you invest to build wealth for your child’s future needs.
This article was originally published on November 11, 2011.
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