My name is Partha Sarathi Rayasingh having age 41 years. I am a C class employee in Railway. I have done a HDFC Balance fund (G) 2500 rupees per month in SIP mode. My Invest period is 15 years. My aim is to educate my child and marriage?
You have started investing in a good mutual fund scheme. HDFC Balanced Fund is one of the top performing schemes from the balanced fund category and right fit for those who can tolerate moderately high risk.
With monthly SIP of Rs 2,500 for 15 years you can expect to accumulate around Rs 11.47 Lakhs against your total SIP investment of Rs 4.50 Lakhs in 15 years. However, whether this amount will be sufficient for meeting the goal of your child’s education and marriage is not known to us as you have not mentioned the amounts needed to meet these goals.
Our suggestion would be to first figure out the inflation adjusted amounts of these two goals and then realign all your investments towards meeting the goals.
Hope the above is helpful. Thanks for writing to Advisorkhoj.
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