SIP -Child Education & Retirement Deepak Jain, 16 Oct 2013

Am 30 Yrs old & into service with 85k (Nett) monthly income along with 2 Lacs annual incentive as on date .I like to take a SIP - INR.5000-INR.7000 to fund my child education, which is expected to come in Jan 2014 and also like take a SIP investment route to work out a 1.5 Cr corpus at the age of 50 yrs for my retirement..

Fintotal Answer

Dear Deepak, are you sure with time horizon for the goal of your child's education (Jan 2014 as mentioned)? Just recheck and revert to get proper guidance.  Goals like retirement corpus and child's future which are expected to come after minimum 10 years are long term core goals. Large cap equity funds are best suited for these goals. Start an SIP in HDFC Top 200 or any other fund from our recommended funds' list and stay invested till you need money. One fund can take care of both the needs. Just go through mutualfunds.fintotal.com and for customized guidance check Getright page. 

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