Hi
I want to investment Rs 12000/- every month go generate wealth in a long term (15-18 Years) for my Kid education. Rs 12K per month or 144K per annuam gives Rs 58 Lac at the end of 18 years at an annual return of 9%.
Also to avoid some of the market risk I have decided to put half (6000/-) of it in PPF which gives gauranteed tax free annual returns between 8.5 to 9%. I want rest of the amount (6000/-) to be invested in 3 mutual funds (2000/- each). Three mutual funds so that if returns are not good in one I can sell it our after 2-3 years and put the money in better performaing funds I have.
Also I would like to know how good Gold ETF will be if I want to invest in one of them. This year has not been good for Gold ETF. e.g. Birla Sunlife Gold ETF and SBI Glod ETF has given a negative rerurns between 10-15% whereas Gold has given a negative retirn between 2-3%. There is a huge difference between the Actual Gold Return V/s these ETF.
Bases on funds past performance I have selected few Equity funds listed below.
Could you please help me to select some good funds.
I am inclined towards Reliance Pharma Fund and Franklin Infotech Fund which has given consistent returns for all the durations ranging from 1 months to 8 years.
|
Scheme Name |
AUM (In crs) |
ICRA Rankings |
1 Mth |
3 Mths |
6 Mths |
1 Yr |
3 Yrs |
5 Yrs |
Since Inception |
|
Franklin Infotech Fund |
112.39 |
|
5.61 |
13.33 |
44.42 |
52.4 |
9.44 |
31.4 |
20.95 |
|
ICICI Prudential Technology Fund |
109.49 |
|
8.72 |
29.98 |
58.42 |
62.5 |
16.5 |
37.9 |
8.64 |
|
SBI IT Fund |
40.95 |
|
7.07 |
15.05 |
44.97 |
53.9 |
12.4 |
30.9 |
10.75 |
|
Reliance Pharma Fund |
655.13 |
NIL |
8.7 |
16 |
18.1 |
20.7 |
13.9 |
34.5 |
24.82 |
|
ICICI Prudential FMCG Fund |
209.95 |
NIL |
2.87 |
-1.68 |
2.24 |
8.67 |
21.5 |
29.1 |
18.01 |
|
SBI Pharma Fund |
66.96 |
NIL |
5.04 |
11.52 |
20.11 |
27.5 |
18.9 |
32 |
15 |