I am just trying to invest into MF. I am 35 and want to plan my retirement fund , children education and marriage fund as priority. Child age is only 6 months.
I have currently only 10000 to invest. Which I may increase gradually per year.
I have been suggested below funds to start for these. I need your view on these funds? Or do you feel any other funds can be a better option?
Kotak select focus G fund
SBI small and mid-cap G
please let me know if any other details required?
PS I was having reliance retirement wealth creation G fund. Which I am suggested to get onto Kotak and close reliance as it is very new fund as of now.
Whether you checked the overlapping or concentration of both the funds towards Mid and Small Cap? Instead of Multi Cap like Kotak, I suggest a pure large cap fund like Franklin India Bluechip fund. Where is your debt portfolio? The concerned person not suggested it? It is wrong to invest 100% in equity (even though your goals are long term).