Mutual funds suggestion for Child’s Education

POSTED BY Ashok Kumar ON February 14, 2014 11:49 am COMMENTS (3)

I have a query.I would like to again start an SIP for Child Education.I would like to start with 5000/- per month with duration around 17 years. I have selected two funds in both categories(Large Cap as well as Small and Mid Cap).
In Large Cap,I have confusion between HDFC Top 200 and ICICI Prudential Focused Bluechip Equity Fund, what should I choose? and Could you suggest me any better fund(including Balanced Funds) than these Twos?
In Small and Mid Cap,I have confusion between SBI Emerging Businesses and Mirae Asset Emerging Blue chip,what should I choose? and Could you suggest me any better fund(including Balanced Funds) than these Twos?
I have a PPF Account and I would like to club these funds with PPF(for re-balancing purpose).
P.S. I have adequate term cover worth 50 Lacs from HDFC Life  and 40 Lacs from my company.

3 replies on this article “Mutual funds suggestion for Child’s Education”

  1. ashalanshu says:

    Dear Ashok, in general rebalancing means you are switching money from one asset class to another class and back. Now PPF is from debt class. Yes you can invest from Eq. to PPF but even here is the limitation, you can not invest more than 1L Rs. in a year. The withdrawal is a different question in itself and several T&C are involved for your withdrawal.

    Thanks

    Ashal

  2. ashalanshu says:

    Dear Ashok, please explain, how w’d you rebalance with PPF to these funds?

    Thanks

    Ashal

    1. Ashok Kumar says:

      Yes, I was thinking about it as well. But I read somewhere we can do it with PPF as well, I know we can’t withdraw money from PPF at anytime, but is it possible to Rebalance it?

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download Our FREE Ebook!

Available only for first 100 people today

Download Our FREE Ebook!

Available only for first 100 people today