POSTED BY December 19, 2013 8:17 am COMMENTS (2)
ONHi Manish,
I have gone through most of your articles. I need a suggestion from you. I’m a software engineer and I’m earning 50k monthly and my savings are as below
recently I have a baby girl. i would like to divert some fund for my baby’s future. further I can afford to invest 3k more per month. Please suggest me some good plan. whether to invest in RD or to invest in MF again or any other plan.
It would be helpful for me if you suggest whether I’m on right track or not.
Thanks,
Maheedhar
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Dear Maheedhar, if you die today, who ‘ll fund all the expenses for your family and your d’ter’s education and career?
thanks
Ashal
Hi Maheedhar,
Investing in RD, may not beat the inflation, also the interest from RD is taxable. I suggest since you are looking at long term (for your child’s future) look at SIP route for MF and invest in a good Large cap fund. Keep a check on the fund performance and take decision to continue with same fund or divert to another.
I have a 4 yr old son and when he was born, I thought of buying a child plan but later decided against it and started an SIP, which is anyways better than any child plan on any given day.
Ashish Garg