I have query regarding how to plan child education. There are 2 goals related to education ( UG and PG ).
How to plan for these 2 goals, As a separate goals ( UG goal and PG Goal )
or combine and invest as a single goal.
Separate them as the time horizon for each goal is different. However, while investing either you can use the same funds and invest in the single folio or in different folios (if you are planning to invest in MF).
Thanks Basu, Currently i am planning to invest in Single Portfolio(4 Equity +2 Debt funds) for all my long term goals.
As we discussed before, only challenge to me is how to track goals in Single portfolio approach.
As you stated earlier, i am eagerly waiting for your post on this approach for managing goals.
I have total 6 goals. As per your suggestion, i need to create 6 folios for each goal and total comes to 36 folios.
Past 2 years i have already made some lump-sum and monthly investment in to Single portfolio( 6 funds).
Now there is little confusion to choose between Single vs Multiple portfolio for all the goals.
SIngle portfolio is easy to invest . Incase multiple portfolio fresh folios need be created and distribute the Monthly required amount among the 6 funds. ( For instance my Son PG goal Rs4450. I need to divide this amount for all 6 goals).
That is the reason I earlier told single portfolio with knowing how much and for which goal you are investing is BEST.