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Mutual Fund Corner: Which mutual funds should I choose for my child's education?

Updated : March 26, 2019 07:53 PM IST

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

Get all your mutual fund related queries answered by our expert, Vishal Goenka, director, Wealthtree Investments, on our show Mutual Fund Corner.

Q: 30-year-old Rajani Turad writes to us from Qatar. I started investing in mutual funds from last year. Investing around Rs 13,000 every month. So I want to increase my SIP amount to Rs 25,000. So please suggest me some tax saving scheme for my child's education in the future. Now, he is four years old. I have Rs 3 lakh in hand and want to invest for less than a year. Investing Rs 4,000 in SBI Blue Chip Fund Regular Plan, Rs 3,000 in HDFC Midcap Opportunity Fund Regular Plan, Rs 2,000 in HDFC Small Cap Regular Fund and Rs 4,000 in Mirae Asset India Equity Fund Growth Plan.

A: Existing fund selections are good and no need to make any changes. For the incremental SIP, you invest in Tata India Tax Saving Fund and Mirae Asset Tax Saver Fund for Rs 6,000 each. For less than a year investments, you can look to invest in the liquid plus category of funds like Aditya Birla Sun Life Low Duration Fund.

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Mutual Fund Corner: Which mutual funds should I choose for my child's education?

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