Dear Sreekanth,
Am a big fan of Relakhs.com,
Am blessed with a baby boy.
I want to invest for his College Education.
Amount Required : 1 Cr
Monthly Investment : 18 K ( 9k from My side and 9k from my Wife Side)
I would like to put SIP in below funds , am ready to take high risk as am running SIP for 18 years.
My allocation
1. SBI Small cap 4.5 k
2. HDFC mid cap Opportunities 4.5K
My Wife
1. Franklin India Smaller companies Or Franklin India Prima Fund 4.5 K
2. ICICI Prudential Bluechip Equity Fund -4.5 K
Please help me to choose between Franklin India Smaller companies Or Franklin India Prima Fund 4.5 K
Also kindly guide on my fund selection.
Regards ,
Senthil kumar
1 Answers
Dear Senthil,
Congratulations on becoming a Father! Happy Parenting :)
Thank you for following my blog posts!
Glad to know that you are pro-active with your investments and already planning to invest for your new born kid. Kudos!
As both of you are investing for a common goal, you may pick (out the above schemes) :
Franklin Prima Fund, ICICI Bluechip & SBI Small cap.
Related articles :
@Sreekanth,
Can I budge in and ask one question please.
When wife and husband are saving towards a common goal, A) is it better to invest 50% each in the same funds? B) or is it better to treat the entire portfolio as one and divide the funds according to convenience?
@Senthil Kumar, Congratulations 🙂
Dear Hima Bindu,
I would be opt for Option B.
(There is no right or wrong approach here, it’s a matter of convenience and discipline.)
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