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Mutual Fund Corner: How to create Rs 2 crore for my kid's education in 20 years?

Mutual Fund Corner: How to create Rs 2 crore for my kid's education in 20 years?

Mutual Fund Corner: How to create Rs 2 crore for my kid's education in 20 years?
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By CNBC-TV18 Jan 8, 2019 4:32:17 PM IST (Published)

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: 31-year-old Pushpendra Mahajan writes us from Pune. My son is one year old now. I want to create Rs 1.5-2 crore for my kid's education. My investment horizon is 18-20 years. With this objective, I have started SIP of Rs 2,000 each in five funds: ICICI Pru BlueChip Fund, Kotak Standard MultiCap Fund, Mirae Asset Emerging BlueChip Fund, Reliance Small Cap Fund and L&T Emerging Business Fund.
All are growth options. I am investing from last three months. Please judge whether fund selection and allocation is proper. If any changes needed in fund, please suggest. I am willing to increase SIP as my income increases.
A: You can continue to invest in ICICI Pru BlueChip Fund, Kotak Std MultiCap Fund and Mirae Asset Emerging BlueChip Fund. You can exit from Reliance SmallCap and L&T Emerging Businesses and invest in HDFC SmallCap Fund and Canara Emerging Equities Fund.
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