Hai.. Basunivesh..I am having 33 years. I am searching best investment way, for my 1-year-old Son. I want to invest for his education. My risk factor is Moderate.
Pradeep-First buy a term insurance for you to the tune of around 15-20 times of your yearly income. This creates safety in case of your death. Next, if your goal is long term, then start investing in equity mutual funds. Stay away from any such products which offers as if a BEST child plans.
Select one large cap fund (ICICI Pru Focussed Bluechip or Franklin Bluechip Fund), one small and mid cap fund (HDFC Mid-Cap Opp Fund or Franklin India Prima Fund) and start investing in PPF. Manage equity:PPF in the ratio of 60:40.