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    Mutual funds to invest for daughter's higher education

    Synopsis

    If you have any mutual fund queries, message ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

    I am 40 years old. I want to invest Rs 3,000 per month through SIP in mutual funds for the next 10 years. I am looking to build a large amount for my daughter's higher studies. Can you please advise. I am already investing the same amount in Axis Bluechip Fund for the last one year.
    - Sameer Goel

    You have not defined the corpus you would need for your daughter’s education. You are already investing Rs 3,000 in Axis Bluechip Fund and an additional SIP of Rs 3,000 would help you to generate a corpus of around Rs 12 -14 lakh, assuming annual returns of 10-12%. You can invest in the following funds based on your risk profile. These are some good funds you may consider investing: Kotak Emerging Equity, Axis Mid Cap Fund, Canara Robeco Bluechip Equity Fund, SBI Focused Fund, Mirae Asset Large Cap Fund.
    (If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.)
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