Teaching children has become very expensive. Amidst the ever-increasing inflation, it is a big challenge to educate children abroad because it requires a lot of money. To fulfill this dream, most parents take education loans. At the same time, many parents avoid taking loans and take the route of mutual funds.
November 14 means today is Children\'s Day. This Children\'s Day, you can give the gift of better education to your children by starting investing in Mutual Funds. To meet this long-term goal one has to invest wisely in Mutual Funds for higher returns.
Select according to the target period
Children\'s education is a long-term goal. To accomplish this, there are many options for investing in mutual funds. But, funds should be chosen as per the risk appetite and target horizon.
Three funds in which you can invest
Diversified Bluechip Equity Funds: These can be an ideal investment option for long-term goals. In this, money is invested in the shares of the leading companies in the sector. The risk is less. You can get up to 12% annual return on long-term investment.
Flexicap Equity Funds: Through this, investments are made in the best large, mid, and small-cap companies of their sector. Money is invested under these funds in terms of market capitalization. 9% per annum and more can be earned in the long term.
Balanced Advantage Funds: These hybrid mutual funds invest in both equity and debt. If you want better returns with less risk then investing in hybrid funds is a better option. You can get an 8-12% return on investment in this.
Keep these things in mind while selecting
Performance track record: While selecting funds, look at their performance for at least five years. A long-term track record is even better. This helps in ascertaining the potential returns and manipulation during previous market cycles.
Expense Ratio: It is the cost of managing the mutual fund. Funds collected from the investors. A fund\'s expense ratio affects its net return.
Fund Manager\'s Investment Methods: The fund manager is responsible for managing your funds. These play a vital role in his performance. Know the investment style of your fund manager before selecting any scheme. For this, you can also see the factsheet of the fund house.
You can also achieve your goal through SIP.
Every parent endeavors to give better education to their children. For this, they can also invest continuously through a Systematic Investment Plan (SIP). Consider increasing your investment as your income increases every year. This will help in achieving the target on time.
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