I and my wife earn Rs1.84 lakh a month and can save about Rs1 lakh. We have two children and our goal is to save Rs20 lakh (future value: Rs42 lakh for first child and Rs63 lakh for second child) each for their education; and Rs25 lakh each for their marriage (future value: Rs1.03 crore and Rs1.55 crore). I also want to invest Rs60,000 a month for retirement (future value: Rs7 crore). We have invested in HDFC Balanced fund - direct plan (growth), HDFC Equity fund - direct plan (growth), ICICI Prudential Value Discovery - direct plan (growth), SBI Bluechip fund - direct plan (growth), and Franklin India Smaller Companies - direct plan (growth). There is about Rs10 lakh in the savings accounts and Rs2.5 lakh in fixed deposits. We also invest in Public Provident Fund and Sukanya Samriddhi Yojana and have real estate worth Rs42 lakh. We want to move Rs5 lakh from the savings account to other forms of investment, which can be easily liquidated. Please suggest some balanced, multi-cap and mid-cap funds.
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