Can I invest in Mutual Funds SIP for 5 yrs for my daughter 12th education fees?

POSTED BY Madhura ON June 25, 2014 5:57 pm COMMENTS (2)

I am 39. My daughter is in 7th Std now. I want to invest Rs. 5000/- for the next five years so that I will be able to have a good amount by the time my daughter completes 12th, to aid her professional course/education. I am looking to invest in SIPs. Please let me know the best SIP that suits my aim. What about HDFC top 200?  or is there any other better alternative?

2 replies on this article “Can I invest in Mutual Funds SIP for 5 yrs for my daughter 12th education fees?”

  1. Madhura says:

    Thanks for the advise Mr. Sharat.

  2. sharath Mumbai says:

    You have taken right decision. as you investment horizon is 5 years, you can invest in Mutual funds through SIPs. You can divide in 2 funds from the below:
    HDFC top 200
    ICICI Pru value discovery
    IDFC premier equity
    Franklin India Prima
    All these funds have a good track record for long term investments.

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