Is it good to invest in a Multi-Asset fund..!?

Is it good to invest in a multi-asset fund? These are investment recommendations for children's future, education, and marriage. A multi-asset fund is a multi-asset investment that invests in a combination of equity, debt, and commodities such as gold or silver. These investments called Multi Asset Allocation Funds can generate steady income as they are invested in most major asset classes. Multi-asset funds are ideal for children's future needs as multi-asset funds are good options for long-term investments.
You can invest based on the current age of the person you are investing in, your target size, and risk tolerance. This calculation is based on the assumption that planners will invest around 15 years to build a corpus for children's future. If you want to build a corpus for a long-term plan of 15 years, you can start SIPs in a mix of small and mid-cap funds for the first 10 years. You can stop your SIPs in these funds and start investing in multi-asset funds and larger funds.

Know how much you can invest in these options in SIPs too…

UTI Small Cap Fund
Sundaram Small Cap Fund
DSP Midcap Fund
SBI Magnum Midcap Fund
You can decide how much to invest based on your target amount, the duration you want to invest, and your risk tolerance. Similarly, other avenues of investment like PPF can also be considered. If you are a girl child, you can open a sukanya account and save. Sometimes it becomes difficult to fulfill the wishes of the parents due to some obstacles due to financial constraints.
To overcome these hurdles, there are some investment schemes. If you invest some money in it every month, you can easily make your children study during higher education. No need to invest a lot of money. There are some schemes where you can invest even as little as Rs 100 per month as per your income. You will get double interest on the principal amount you pay in it. That means three times the income. These are only recommendations based on mutual funds. Consult a financial advisor to chart out a plan that is right for you.
For more interesting updates wa click and follow Indiaherald WhatsApp channel

Find out more:

SIP

Sowmiya Sriram

12/12/2023 05:33 PM