Have I chosen right mutual funds for my kids’ 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 have started SIPs of Rs 2,000 per month in the following mutual funds:
Kotak Standard Multicap Fund
HDFC Small Cap Fund
Mirae Asset Large Cap Fund

I have an investment horizon of 7 to 10 years. I am investing for my kids’ education. Are the schemes appropriate? Or should I invest in other mutual funds?
--Ajit Singh

Ankita Tanna Narsey, Founder, Oaktree Financial Advisors, responds:

You have chosen good mutual fund schemes. But you have not mentioned the amount required for your kids’ education. It will help you to find out the SIP amount you need to invest every month to achieve your target goal.

  • 13.94%Annualized Return for 3 year
  • >3 years Suggested Investment Horizon
  • 3.6 YearsTime taken to double money
  • 12.88%Annualized Return for 3 year
  • >3 years Suggested Investment Horizon
  • 3.7 YearsTime taken to double money
I would advise you to increase your SIP amount by at least 10% every year. You can also take the help of a professional financial advisor.

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