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Mutual fund for 1yr old-for education

Discussion in 'Fundamental Analysis' started by jyotiranjan8605, Jan 15, 2018.

  1. jyotiranjan8605

    jyotiranjan8605 New Member

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    jyotiranjan8605, Jan 15, 2018
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  2. shabbir

    shabbir Administrator Staff Member

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    Decide on the amount that you may need after 15 or 20 years. Now at an average return of 12% count on the amount you should be investing. Then start a 1/3rd SIP in the best direct funds in each of small cap, midcap and large cap fund.

    12% is a good average because if you consider very high return and if you may end up falling short, it won't be enough and so keeping the expectation of return as low is preferred.
     
    shabbir, Jan 15, 2018
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  3. payazishan

    payazishan Member

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    I made the lumpsum investment in two children gift fund. Hdfc and axis (compulsory lock-in till 18yrs of child) in 2015. Return xirr on hdfc is 21% and axis is 12%. Just switch hdfc to direct and axis i cannot due to compulsory lockin.

    Sent from my Redmi 4 using DIY Technical Analysis mobile app
     
    payazishan, Jan 15, 2018
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  4. shabbir

    shabbir Administrator Staff Member

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    Always avoid funds with lockin as and when one can.
     
    shabbir, Jan 17, 2018
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