How to reach goal of daughter education

I am planning to invest a lump sum of Rs 2 lacs in the name of my grand daughter (who is 5 months old now) for a period of 17 years so that she can get a sizeable amount to meet her expenses towards higher education. What could be the best strategy?

Aug 25, 2017 by R A Murali Mohan, Bangalore | Mutual Fund

Great to hear that you are planning to invest in mutual funds in the name of your grand daughter for her higher education needs. As the investment horizon is long, we suggest you to invest in diversified equity funds.

Diversified funds, which invest across market capitalizations and sectors, have several advantages compared to funds focused on any particular market capitalization like large cap or mid cap or small cap. Some of the top performing diversified equity funds are as follows -

Birla Sun Life Advantage Fund

Mirae Asset India Opportunities Fund

DSP BlackRock Opportunities Fund

SBI Magnum Multi-Cap Fund

With your investment of Rs 2 Lakhs now, your grand daughter can get a corpus of around Rs 14 Lakhs after 17 years. This is based on conservative assumption of 12% annual returns over the period. Please refer this tool https://www.advisorkhoj.com/tools-and-calculators...

hope the above helps you. Thanks for writing to Advisorkhoj.

View All Queries

You haven't found the answer for your queries? Do post your queries to us.
POST A QUERY