Dear Mr. Reddy
I am presently in USA on vacation. I have investments in India. I want to gift Rs. 2 Lakhs as a birthday gift to my one year old granddaughter and want this in the form of investment in equity funds for a longer duration beyond ten years. Can you please advice if it is a proper investment and if so list a mutual fund in which I can make this as one time investment?
Thanks for your support.
Regards
Mohammed Abdul Bari
2 Answers
Dear Mohammed ji,
As this is for long term and objective is wealth accumulation, you may consider investing in a diversified fund/mid-cap and in one equity oriented balanced fund.
Ex : Birla Equity fund / Mirae Emerging bluechip
&
HDFC Balanced fund.
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