SIP for 10000 rupees each month , Long term ( 7 + years)

POSTED BY sureshsatya ON April 29, 2014 8:56 am COMMENTS (2)

Hi All,

I am planning to invest 10000 rupees each month into mutual funds. I intended to keep this money for long term more than 7 years( for children’s education). After reading lot of suggestions on JI forum, i nailed down the following funds. Please suggest me if they are good for my requirement ?

Regards,

Suresh

Also suggest how much portion of 10000/- i can allocate for each fund ?.

1. FRANKLIN INDIA BLUECHIP FUND- GROWTH

2. IDFC PREMIER EQUITY FUND PLAN A- GROWTH

3. QUANTUM LONG TERM EQUITY FUND- GROWTH

2 replies on this article “SIP for 10000 rupees each month , Long term ( 7 + years)”

  1. ashalanshu says:

    Dear Suresh, what’s the age of child? How much amount as corpus you are targeting? How much %age return you are looking for? What ‘ll you do if market does not perform as per your expectation? What are your other assets and investments? What about your own life insurance? What about health insurance for you and family? What about emergency funding?

    If you feel my questions are not worth of your time, simply ignore the same.

    Thanks

    Ashal

  2. Viren Phansalkar says:

    IMHO,
    #2 and #3 should not be there for 7 years goal. They may perform or may not perform as per your expectation. Since, the objective is child’s education (which cannot be post poned and capital protection would become important), I would suggest look for balanced funds or even debt MFs.

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