How can I beat inflation?

I have chosen the following funds based on your articles and suggestions. Kindly give your opinion if these funds are good. Also, how can I increase my investments to enhance wealth and beat inflation in the coming years and take care of my 10-year-old child’s education? Currently, I have investments in the following funds:

ICICI Prudential Value Discovery Fund: Rs 2,000 per month
HDFC Balanced Fund: Rs 1,500 per month
Mirae Asset India Equity Fund: Rs 1,500 per month

I can be aggressive as I have a long-term goal.
-- Vandana Nagpal

Subhash Chawan, managing partner, Moat Wealth Advisor, responds:

Your portfolio is good for someone who has just started investing in mutual funds. As your risk appetite is aggressive, you should start one more SIP in a midcap fund like L&T Midcap Fund or Canara Robeco Emerging Equities Fund.


You need to decide how much money you want to accumulate for taking care of your child’s education and find out how much you need to invest every month to achieve this goal. If you need Rs 10 lakh by the time your child is 20 years old, assuming an annual return of 12 per cent, you need to invest Rs 4,350 per month in an equity mutual fund.