To built a amount for Child future & our Retirement. Rumpa, 27 Apr 2013

Myself working lady(36) and my husband(37) to in ltd. Company. We have SIPs of 3nos of sip amount Rs1000/-. They are HDFC TOP 200, Reliance Regular Savings Fund Growth & Birla Sunlife Midcap Fund (growth) all for 38 months. Now we have a daughter of 10 months old. We have to built a amount for her studies and as well as for our retirement purpose. On the look through, what you suggest us. Shall we get more Sip's or hold the existing for new. kindly please brief me with your valubale suggestion. And for a Tax savings for both of us what you recommend.

Fintotal Answer

HDFC Top 200 is great. The rest 2 are average. You can check Fintotal review of all 3 in Funds' Review page. These funds except HDFC Top 200 are not suited for core goals like child's education and retirement. You can increase your SIP amount in HDFC Top 200. Too many funds won't work well for you. How much you need to invest depends on the corpus you wish to create and in how many years. For tax purpose you can go for an ELSS fund; start an SIP in any 1 fund from Tax Saving Funds

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