Sukhanya Samridhi Scheme Vs Mutual Funds

POSTED BY Senthil ON March 22, 2015 11:43 pm COMMENTS (3)

Hi Experts, I have planned to allocate some 2K-3K per month for investment in for my daughters education. Recently I heard about the new savings scheme with 9.1% int for Girls. But I was thinking to invest in some MFs for a term of 5-10 years.

I am still a very very beginner to MFs, who is having EMIs of approx 50K per month on various loans which I got for buying a flat. So my risk factor is very low as of now. Maybe in another 1-2 yrs, I’ll close 3 loans and will get additional 15K out of the EMI. So I thought I could increase the SIPs in MFs after 2 years.

I would like to know that whether I can go for the above postal scheme, seems which has a feasibility to vary the monthly contribution or to go for monthly SIPs. Which one will be good for the long term goals?

Still somewhere around the corner My mind believes that MFs will win over scheme. If I can invest in Mfs what funds will be good for my kind of low-risk investors. Please also note that my risk affordability will improve in 2yrs.

I had in mind, Axis LTMF -G to invest directly some 2K monthly initially. Is this ok?

Thanks in advance,
Senthil

3 replies on this article “Sukhanya Samridhi Scheme Vs Mutual Funds”

  1. ashok says:

    Following are some good MF schemes.
    Axis long termequity Fund(with tax benefit)
    Franklin shield(also with tax benefit)
    HDFC balanced Fund
    Hdfc equity Fund

  2. Senthil says:

    Thanks Manish for the response.

    What would be the best fund for me to invest now? I am thinking to invest directly,also heard of findsindia.com. Which would be a better option for a beginner like me?

    Regards,
    Senthil

  3. Senthil

    Looking at your discomfort with volatility and considering you just started. I suggest that you start with this SSA scheme. Also along side you also contribute a small sum like 1k or 2k per month in mutual funds through SIP . After 2-3 yrs once you are more comfortable with mutual funds, then increase your contributions !

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