I currently invest Rs 2,000 in the following funds – HDFC Equity, HDFC Top 200, HDFC Prudence, ICICI Prudential Focused Bluechip Equity, ICICI Prudential Discovery and Reliance Equity Opportunities. I intend to increase the investment amount every year. I will need the money for my daughter’s marriage in about 8 years and for my son’s education in about 10 years. What should I do?
We don’t see a method to your investments, but you’ve chosen good funds. And since you're investing regularly, it’s a good start. You have a good portfolio built with a diverse selection of funds. You can continue investing in them. But remember to review your portfolio every year, and keep investing through the lean times.
As you get closer to your goal, systematically move your money from equity funds to fixed income funds. This will help you realise your goals.