Four mutual fund schemes to invest for child’s higher education
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By ET Online |
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I am a 39-year-old NRI and I would like to invest in mutual funds. I have a two-month-old baby. My risk profile is high. I would like to save for my child’s education - for her college when she turns 18, and for her higher education when she turns 24. Also, I want to save for the retirement of me and my spouse. My investment horizon is 20 years and longer. Please suggest four mutual fund schemes where I can invest. I plan to invest Rs 20,000 per month.
-- Rishav Pal
Chokkalingam Palaniappan, Director, Prakala Wealth Management, responds:
You may invest in the following mutual fund schemes with a high risk-reward ratio.
Axis Midcap Fund
HDFC Small Cap Fund
IDFC Sterling Value Fund
Edelweiss Midcap Fund
-- Rishav Pal
Chokkalingam Palaniappan, Director, Prakala Wealth Management, responds:
You may invest in the following mutual fund schemes with a high risk-reward ratio.
Axis Midcap Fund
HDFC Small Cap Fund
IDFC Sterling Value Fund
Edelweiss Midcap Fund
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