How I can plan my various investments

1. You need 2-3 lakhs in the year 2022-2023 for your son’s engineering studies therefore, you have 5 years in hand for saving for this gaol. You can easily achieve this goal by investing Rs 3,500 through monthly SIP for 5 years. Assuming 12% annual returns you can expect a corpus of Rs 3 Lakhs at the end of 5 years. You may consider investing in a large cap fund, for example – SBI Bluechip fund or Birla Sun Life Frontline Equity fund.

2. For investing Rs 100,000 in two parts of Rs 50,000 each, you can consider diversified equity funds as your investment horizon is 10 years. Birla Sun Life Equity Fund, SBI Magnum Multi-Cap Fund, Kotak Select Focus Fund and ICICI Prudential Value Discovery Fund are some of the top performing diversified equity funds which you can consider for investing.

3. For you long term SIPs, you can consider the schemes as mentioned above and may also add one or two mid cap funds. Among midcap, Mirae Asset Emerging Bluechip fund can be considered. With Rs 15,000 monthly SIP for 10 years, you can expect a corpus of Rs 35 Lakhs (assuming annual return of 12%) https://www.advisorkhoj.com/tools-and-calculators...

4. You have another Rs 5 Lakhs to invest, out of which you want to invest Rs 1 Lakh in balanced funds. You can invest either in ICICI Prudential Balanced or HDFC Balanced Fund. However, your idea of investing in KVP is not prudent. But the amount you are investing in KVP, can be invested in debt funds, where not only the returns will be more, it will be tax efficient too! Check the top performing debt funds from here https://www.advisorkhoj.com/mutual-funds... For tax saving, however, you can invest Rs 1.50 Lakhs (maximum limit under section 80C) in PPF.

Hope the above helps. Thanks for writing to Advisorkhoj.