Need suggestions regarding SIP investment in Mutual fund schemes

Q & A Forum › Category: Mutual Funds › Need suggestions regarding SIP investment in Mutual fund schemes

Ramkumar.mf2017@gmail.com asked 8 years ago

Hi I am planning to invest in Mutual funds for retirement life and for child education. 1. SBI Bluechip fund - Direct - Growth (SIP - 2500 Per month) - 18 years 2. L&T India Prudence Fund - Direct - Growth (SIP - 2500 Per month) - 15 Yeras Please give your suggestion on the above funds.

2 Answers

1 Vote Up Vote Down

Best Answer

Sreekanth Staff answered 8 years ago

Hi, Both the funds are good ones. As, your investment horizon is long-term, you may add a diversified equity fund (or) a mid-cap oriented fund to your portfolio. For ex : Birla Equity fund / HDFC Mid-cap opp fund. Related articles : https://www.relakhs.com/retirement-planning-calculator-3-easy-steps/ https://www.relakhs.com/calculate-kids-education-goal-amount/ https://www.relakhs.com/best-mutual-fund-schemes-2017/ https://www.relakhs.com/best-mutual-fund-scheme-risk-ratios/ https://www.relakhs.com/personal-financial-planning-articles-list/

0 Vote Up Vote Down

aaryabhaskar answered 8 years ago

SIP, Systematic Investment Plan scheme helps an investor to become a disciplined person, as everything is done in a systematic manner. Achieve financial goals by investing small for a long term. There is complete flexibility in investments. Investment at your convenience.