Assuming you are referring to Mutual Fund SIP, I would prefer MF SIPs to Chit Funds.
Ideally, these two are different type of Investments and one should not compare them.
You may consider investing in MF SIP for your wealth accumulation.
I have been investing in mf since 2012. Some times my investment shows merely 7% return. Yesterday it was showing 13.07% today 12.8%. So generally even though I invest for long term of need to redeem only when market is up. No accumulation of benefits over the time. Right.
May I know the CAGR (returns) of your MF portfolio since 2012 to till date?
Also, MFs are more transparent, flexible and liquid.
May I know your investment objective (financial goal) for picking mutual funds and also your investment horizon?.?
Two daughters of 10 and 6 yrs. For their education. Up to 10 to 15 yrs. Planning to invest rs 30000, as i have already invested in kotak multi cap fund D (G) erstwhile select focus fund. Plz suggest funds with consistent returns in small, mid and large/balanced fund
As you are investing for long-term goals, you may continue your investments in mutual funds. For list of schemes, suggest you to kindly go through below mentioned articles (links)
Kindly read :