I want to invest in a mutual fund scheme for my child's education and marriage. Please suggest the best plan.
- Sachin Handa
You haven't given any specific details like the child's age, investment horizon and the corpus you want to create, etc. So we are offering you a general advice. An individual should ideally invest in equity mutual fund schemes to achieve his long-term financial goals like a child's education, retirement, etc. We recommend equity mutual fund schemes only if the investor has an investment horizon of at least five years.
If you are a first-time investor, you can invest in one or two equity-oriented balanced schemes. These schemes invest in a mix of equity (at least 65 per cent) and debt and they are comparatively less volatile than pure equity schemes. They help conservative investors to create wealth over a long period without without facing much volatility. Here is a list of our best balanced mutual fund schemes.
This article was originally published on December 14, 2015.
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