I wish to invest Rs.1 Crore in mutual funds for my son’s future security. Please guide.
You want to invest Rs.1 Cr now as lump sum or you want to accumulate Rs.1 Crore at future for your son’s future? How long you want to stay invested?
I want to invest 1 crore. As per your recommendation I have listed Birla Floating Birla short term debt. SBI Magnum Gilt and Franklin short term income plan. I have a plan period of more than 5 years and fund safety is prime consideration. If my choice needs correction, please revert quickly as I want to invest immediately before 29th, as I am to leave Delhi by then for some time.
Thanks and Regards.
1 crore to be invested now.
I shall stay put with this investment for at least 5 years. Changes could be considered thereafter. My son is 48, married having one son and a daughter 22 and 18.
But without knowing the exact years, it is hard for me to guide.