I’m not a regular investor. I have invested about Rs1 lakh in ICICI Prudential Value Discovery Fund, series 14; Rs20,000 each in Aditya Birla Sunlife Equity Fund, Axis Long Term Equity Fund, and SBI Magnum Multicap Fund; and about Rs10,000 in Franklin India High Growth Companies Fund. Please guide me on starting an SIP of about Rs40,000 per month. I have long-term goals of about 20 years. The goal is education of my daughter and my retirement.
—Pankaj Vyas
If you are considering investing for two different purposes (daughter’s education and your retirement) with their own timelines, I would strongly recommend that you do so using two different systematic investment plan (SIP) portfolios. Essentially, you would need to be able to identify which set of funds are for which purpose. Doing so would help you design the portfolios better and also manage them over the course of time.