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Is it good to go with Child plans or I can go for any mutual fund schem? I need to invest for my child future and after 20 years i should be having minimum 60,00000 Rs. Please advise.
asked in Misc. by (170 points)

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1 Answer

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Simple go with equity diversified mutual funds and for risk cover, take term insurance. This way you can create wealth in long term. ULIP will deduct many charges from your investments, thus giving you less returns. The following article will also help you.
http://www.investmentkit.com/articles/2010/10/best-indian-mutual-funds/

Hope it will help you.
Admin
answered by (48.8k points)
Thanks for the advise. Also, could you please advise on the below investment that i done so far and what i need to do to create wealth in long term. Thanks
Kotak Tax Saver Scheme - Growth    ------------------1000 Rs /month from May 2009
RELIANCE TAX SAVER ( ELSS ) FUND - GROWTH PLAN ------1000 Rs /month from May 2009
Metlife smart plus insurance ------4000 Rs /month from Aug 2007
Better schemes are given in link provided earlier.
Admin

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