Where can I invest Rs 1 lakh per month?

I want to invest around Rs 1 lakh per month in my son’s name. My investment horizon is about 10-15 years. Please suggest the best mutual fund schemes to invest.

-- Kit Watson

Raghvendra Nath, managing director, Ladderup Wealth Management, responds:

You can create a mutual fund portfolio of largecap schemes, midcap schemes and smallcap schemes to invest this amount. For largecap schemes, you can look at HDFC Equity Fund, ICICI Prudential Bluechip Fund, and SBI Bluechip Fund. For midcap schemes, you can look at Kotak Emerging Equity Fund and HDFC Mid-Cap Opportunities Fund. For smallcap schemes, you can look at Franklin India Smaller Companies Fund, SBI Small Cap Fund, and Reliance Small Cap Fund. You should invest regularly in these schemes irrespective of the volatility.