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I want to invest some amount for the marriage and education of my grandchildren. Kindly advise.
- Dinesh Bhatia
The answer to your question depends on how far your goals are. If your goals are five-seven years away, then an aggressive hybrid fund may be a good choice. But if the goals are 10-15 years away, then you can consider investing in multi-cap funds.
You can do this investment in your name and gift it to them. The advantage of this is that your grandchildren won't be able to use this money till they reach their majority.
This article was originally published on January 22, 2020.
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