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Mutual Fund Corner: Best mutual funds to invest for your new born child

Mutual Fund Corner: Best mutual funds to invest for your new born child

Mutual Fund Corner: Best mutual funds to invest for your new born child
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By CNBC-TV18 Jan 8, 2019 3:53:58 PM IST (Updated)

Get all your mutual fund related queries answered by our expert, Feroze Azeez, on our show Mutual Fund Corner.

Want to invest in mutual funds but don’t know how to go about it?

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Get all your mutual fund related queries answered by our expert, Feroze Azeez, deputy chief executive officer, Anand Rathi Wealth Management, on our show Mutual Fund Corner.

Q: 34-year-old Arun Kumar K writes us from Chennai. I am a NRI. I may continue to be in this status for four years. Thereafter, I may come back to India. Currently, my investments are in savings and equity stocks, which I track them quite frequently. I am looking to invest for my newborn's future.
I am fine with a high risk high reward investment fund. I could do Rs 10,000 per month investment as an NRI and whenever I come back to India, I could do Rs 3,000 per month. I could also do Rs 3 lakh lump sum investment + SIP of Rs 5,000 per month. Could you suggest a plan(s) for my newborn with 20 years time frame.
A: For lump sum investment, you can invest in Reliance LargeCap Fund. For SIP investment, you can invest in HDFC SmallCap Fund and Mirae Asset India Equity Fund.
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