Can you suggest two funds for long term SIPs

My name is Ravi Kumar and I am new to this field so please suggest me best two SIP plan to invest 2500/monthly. One for large cap and second for mid cap which give me good return like 15%. I also want to take a child plan for my new born baby with 5000/monthly for next 15 years which cover her education and marriage expenses. Please suggest best one?

Mar 24, 2017 by Ravi Kumar, Hamirpur  |   Financial Planning

You can invest in SBI Bluechip Fund and Mirae Emerging Bluechip Fund from large cap and mid cap fund categories respectively.

You need not take any child plan for meeting your child's education and marriage goals. For reaching these goals you must invest in mutual fund SIPs and create a large enough corpus to meet these goals.

Instead of taking a child plan, in fact you should protect the financial future of your family by taking a term insurance plan in your name. This will ensure that your family is financially protected in case something untoward happens to you.

Hope the above suggestion helps you. Thanks for writing to us!

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