Corpus for future Ajit, 29 Dec 2012

I am 45 and now want to build big corpus for my son future and have 18 year time line. (Rs 50,00,000). I am have investing Rs 4000 in IDFC premier Equity Plan A fund through SIP. Is it Ok

Fintotal Answer

IDFC Premier Equity Fund is a small and mid cap fund suitable for satellite needs and not for long term core needs. Your investment for long term such as son's future needs should be in a large cap fund or gold. Considering your requirement of corpus in long term, invest in one of the best equity diversified mutual fund(check recommended funds on our website) and do a monthly SIP of Rs 5000. Increase the SIP as your salary increases. You can continue investment in IDFC Premier Equity Fund.

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