Investing 27,000 in mutual funds for long term goals ?

POSTED BY VijayShankar ON April 6, 2014 9:49 am COMMENTS (3)

Hi Experts,

I am planning to invest 27,000 per month (SIP) in Mutual Funds for long term which is minimum 15 to 25 years for different goals like children marriage, education and my retirement.

Planning to go with below options

1) Franklin India Bluechip Fund (G) – 7000 per month

2) ICICI Prudential Dynamic Plan (G) – 15000 per month

3) Goldman Sachs gold ETF or R* Gold ETF (Reliance) – 5000 per month

Queries

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1)  ICICI Prudential Dynamic Plan (G) – is a diverisifed equity MF. Is it suitable for long term investment?

2) For gold ETF which one is better Goldman or R*?

3) Is my understanding correct that I can sell my gold ETF after few years and get money (as per current gold rate) which I can use for other purpose.

Thank You

VijayShankar

3 replies on this article “Investing 27,000 in mutual funds for long term goals ?”

  1. ashalanshu says:

    Dear Vjay, here are my answers for your queries.

    2) For gold ETF which one is better Goldman or R*?
    Goldman as it’s the most liquid Gold ETF.

    3) Is my understanding correct that I can sell my gold ETF after few years and get money (as per current gold rate) which I can use for other purpose.
    Yes.

    Thanks

    Ashal

  2. ashalanshu says:

    Dear Vijay, only one word answer for you, Nike

    Thanks

    Ashal

    1. VijayShankar says:

      Thanks Ashal.

      Do you mind answering my 2nd question and 3rd one.

      Others, any other comments.

      Thank You
      Vijay

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