Where should I invest the cash gifts got relative on baby birth for long term ?

POSTED BY Revathy ON February 2, 2014 5:26 pm COMMENTS (7)

Hi,

I am blessed with the male baby recently and i would like to invest (long term – around 18 years / 20 years) a amount of rs 10000 which is given for my baby as a cash gift by relatives.

Shall I deposit the amount into FD or Mutual fund? or anything else? pls let me know your thoughts on this?

 

 

 

 

7 replies on this article “Where should I invest the cash gifts got relative on baby birth for long term ?”

  1. ashalanshu says:

    dear Revathy, in next 20Y or so, what value you assume for your basic 10000 Rs. to be?

    thanks

    Ashal

  2. Revathy says:

    if investing on mutual fund, in what mutual i should invest? i havent invested before. i am new to MF.

  3. ashalanshu says:

    Dear Revathy, what do you want to do with the money after 18-20Y?

    thanks

    Ashal

    1. Revathy says:

      Dear Ashal,

      I am planning to use that amount for my child’s education purpose.

  4. divya.advisor says:

    Mutual fund or PPF

    1. Revathy says:

      hi,

      if investing on mutual fund, in what mutual i should invest?

      1. divya.advisor says:

        visit website valueresearchonline they have good reviews. since your time frame is big invest in a equity mutual fund.

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