Hi Basu sir
thank you for your valuable advice’s on various financial queries
my brother (age 34) wants to invest lump sum amount rs 1 lac for the goal of child education, his son is 3 years of age
so amount will be invested for let say around 13-15 years
kindly help me with proper allocation and investment option for this.
he also want to invest monthly 3000 for the same purpose but tenure will be around 8-10 years, please help sir
Let him invest Rs.40,000 into PPF, Rs.50,000 in Large Cap Fund and Rs.10,000 in Mid Cap Fund. Regarding monthly investment, let him invest Rs.1,000 in Ultra Short Term Debt Fund and Rs.2,000 in Large Cap Fund.
thank you very much sir.