I want to start a SIP for education of my child

I am 35 and I have so far not invested a single penny in mutual funds, but in RD, insurance, various Govt. schemes to the tune of 2.4 lakhs per annum. I want to build a corpus for my child (5 years old) education and marriage. I can invest 4000 pm in SIP from now on. How should I go about it?

Sep 12, 2016 by Naveen, Navi Mumbai | Mutual Fund

Happy to note that you want to invest in mutual fund SIPs for planning education and marriage of your child. Mutual funds SIPs are the best way of creating long term wealth creation and meeting your financial goals.

But before you do that, we request you reading the following blogs and understand the future cost of higher education and marriage -

https://www.advisorkhoj.com/company...

https://www.advisorkhoj.com/articles...

You can and should definitely invest in mutual funds through SIP route for this purpose. Please check this link to know how much corpus you can create by investing Rs. 4,000 per month https://www.advisorkhoj.com/tools...

Since you will be investing for the long term, you should choose diversified equity funds for your SIPs. Please check the return of SIPs in diversified equity funds from here https://www.advisorkhoj.com/mutual-funds...

Hope the above helps! Thanks!!

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