Best mutual funds for daughter’s education

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I’m 27-year-old working mom.. I’m planning to put money into mutual funds for my daughter’s schooling and marriage. I’m planning to take a position whole of Rs 4,000 (Rs 2,000 every in two completely different funds). I’m searching for a long run which might yield me increased returns. Pease counsel me the most effective SIP to take a position.

— Deepa Ganesh

Juzer Gabajiwala, Director – mutual fund analysis, Ventura Securities, based mostly in Mumbai, responds:


Since each your objectives are long run, you may put money into one fund within the Flexi Cap class. The funds on this class invests throughout market caps- that’s, of huge cap, mid cap and small cap. The technique is comparable to to take the publicity based mostly on the alternatives obtainable out there no matter the market cap. Slightly than having a person fund which has deal with single phase, it will likely be helpful to take a look at funds which might have allocation in every of those sorts. The 5 -year class common return of the flexi cap funds is round 14%.

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