I am 39 yrs old and mother of a 10 yr old looking out for a 6 -7yr term investment plan for my daughter’s studies, suggest me a good SIP where i can contribute monthly Rs.2500-3000/-. Already contributing to sukanya samriti and FD.
Also would appreciate if you can let me what % of returns to expect as i have zero knowledge on these different plans.
Kavitha-Considering the timeframe, I suggest you not to invest more than 40% of your investable amount into equity mutual funds. Again for this, I am suggesting you to go for large cap fund ONLY. The funds are like ICICI or Franklin India Bluechip Fund.
Over a period of 6-7 years, you can expect around 10% of tax free return from equity investment.