Can you suggest best mutual funds for future of my children

I was just doing Google and I came across with your website. Hope you will able to help and clear my doubt. I am Akbar from Hyderabad, and living with, Mom and Wife with two kids (Son age 2 years and daughter age 7 month). Am looking for best performing mutual fund for investment for my kids future. My current financial status is that I have a home loan and personal loan with total EMI is Rs. 10,000 PM. No credit card payment pending all clear. My take home salary is Rs. 27800. By now understand my financial status, Currently I am planning to invest at least Rs. 1000 each of them (my kids). And slowly increase every year the amount depending on my salary increment. Investment for longer periods. Now please can you advise me on best mutual fund on SIP mode payment?

May 9, 2017 by Akbar Khan, | Mutual Fund

Glad to hear that you found us on Google and wrote this query to us.

Also glad to hear that you want to save in mutual funds for future of your children. Since your investment horizon is long, you can invest in diversified equity funds. You can consider investing Rs 1,000 each in ICICI Prudential Value discovery Fund and Birla Sun Life Equity Fund.

The idea of increasing your future SIPs in tandem with increase in your salary is a good thought and can enhance your future returns substantially. You can check this calculator to understand how much your corpus can grow if you enhance your monthly SIPs by 5%, 10% or more annually https://www.advisorkhoj.com/tools-and-calculators/sip-with-annual-increase

Hope the above helps. Thanks for writing to Advisorkhoj.

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