CM – How do I plan my daughters college education and wedding by investing in MFs?


I have two daughters, the older one is 17 years and the younger one is 13 years. I invest money in mutual funds. I have invested through Systematic Investment Plans (SIPs), which is roughly 37,500 in multiple programs. Now I am planning my daughters’ studies and marriage. I work in a private company and my monthly income is ₹ 1 lakh.

My investments are in Kotak Mahindra Mutual Fund, Nippon India (₹ 2000 each), DSP Small Cap Fund Regular Plan, IDFC Flexi Cap Growth Fund Regular Plan, Mirae Asset Emerging Service Fund Regular, SBI Banking Financial Services Fund Regular, SBI Flexi Cap Fund Regular Planned growth, SBI Mangnum Mid-Cap Fund Regular, SBI Saving Fund Regular, SBI Small Cap, SBI Technology Opportunities Regular, Tata Digital India Regular, UTI Valur Opportunities Regular (₹ 2500), Aditya Birla Sun Life Investment Fund and L&T Investment Fund (₹ 3000 apiece). I also pay more than 1 lakh a year in LIC.

You’re making a monthly SIP investment of ₹ 37,500 in equity and debt-oriented programs to help build a healthy corpus over time. The question seems incomplete as the question has many schemas with fake names (the name of AMC is mentioned instead of the schema name). As for the existing portfolio, you can continue your SIP with the Mirae Asset Emerging Bluechip Fund and the UTI Value Opportunity Fund.

There are many funds in the portfolio that are thematic / sectoral in nature and are not recommended for SIP. You can envision rebuilding the portfolio with a healthy mix of Large & Mid Cap, Flexi Cap, Multi Cap, Mid Cap and Value stock category. Proposed funds are HDFC Large & Mid Cap Fund, Axis Growth Opportunity Fund, Canara Robeco Flexi Cap Fund, Parag Parikh Flexi Cap Fund, Nippon India Multi Cap Fund, Kotak Emerging Equity Fund, PGIM India Mid Cap Opportunity Fund and IDFC Sterling Value Fund. This way your portfolio will be diversified by category, geography and AMCs. We recommend checking your portfolio at least once a year.

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