Best mutual funds to invest for child’s higher education

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

Getty Images
I am planning to start an SIP of Rs 10,000 per month for 15 years. Should I invest in a single AMC or multiple AMCs. Also, where should I invest? I will keep investing every month but don't want to assess the portfolio till the end of 15 years. I will be banking on a particular AMC for high profits after 15 years for my child’s education.
--Praveen Sethia

Gaurav Monga, Director , PxG Consultants, responds:

Diversification plays a very important role when investing. It is wisely said, “don’t put all eggs in one basket”. Since you are going to invest for a long term, I would advise that you should opt for equity oriented schemes.

  • 15.27%Annualized Return for 3 year
  • >3 years Suggested Investment Horizon
  • 4.7 YearsTime taken to double money
  • 14.03%Annualized Return for 3 year
  • >3 years Suggested Investment Horizon
  • 3.8 YearsTime taken to double money
Here are my recommendations:

Allocate around Rs 7,000 in multi cap funds- Kotak Standard Multicap Fund, SBI Magnum Multicap Fund, or Axis Multicap Fund. Select at least two schemes and invest Rs 3500 in each.

Allocate around Rs 3,000 in large & mid cap funds- Mirae Asset Emerging Bluechip Fund or Invesco India Growth Opportunities Fund. Invest the amount in one of the schemes.

It is also advisable to keep track of your schemes’ performance. An annual review of the portfolio is a must.
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.

Top Mutual Funds

3 M(%)
6 M(%)
1 YR(%)
3 YRS(%)




Save with Tax planning SIP's

More from our Partners

Loading next story
Text Size:AAA
This article has been saved