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