I would like to invest ₹9 lakh for my child's higher education with a long term (15 years) perspective. He is four years old. My target is to generate ₹50 lakh in this period.
Please tell me:
- whether this target is achievable?
- Which funds should I invest?
- How frequently should I churn the portfolio?
The amount is available for immediate investment.
- R R Singh
If your investment makes a little over 12 per cent per year, you may be able to reach your target.
You can start investing via Systematic Investment Plan (SIP) over the next 12-18 months to reduce the possibility of investing all your money at a market high. Balanced and large-cap funds funds can help you achieve your goal conservatively.
Here's a selection of top rated balanced and large cap funds: Click Here
You don't have to necessarily churn your portfolio. You should review your investments every two to three years and only make changes when your investments consistently underperform over a period. This approach will also be tax efficient.
This article was originally published on September 22, 2015.
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