I want to invest in a mutual fund scheme for my child's education and marriage. My child is four month old.
- Vikas Choudhary
If you are planning to build a corpus for you child's higher education and marriage that are at least good 20 years away, you should take the help of equity investments to build a large corpus. Equity mutual fund schemes are ideal for investors to achieve goals that are at least five to seven years away. Equity investments have the potential to offer superior returns than other asset classes over a long period of time. You should open a systematic investment plan (SIP) in one or two top-rated diversified equity schemes. If you continue with your investments, irrespective of the market conditions, you will be able to build a large corpus for your child's education and marriage. Shift the money from equity to a safer avenue like a bank deposit or a liquid scheme at least two years before you actually need the money. This is to ensure that a sudden change in the market mood won't have an adverse impact on your plans.
Here is a list of our best diversified equity schemes.
This article was originally published on December 15, 2015.
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