Hi All ,
I am looking for a Plan for my Childs Education , where I can contribute upto 75,000 per year and my contributions are invested in equity . I looked at lot of plans , where the entire value of the fund (built with investing my premium) after maturity (say 15yr)is given in monthly / yearly installments , but not as a lump sum amount . Can someone please let me know , if there is a Plan which can invest my premium in equity/ money market and then at the end of 15 years give me the entire value of the fund (but not in yearly/monthly installments) . Thanks
-fixed income like fixed deposit, or some child scheme that gives you tax benefit
-then Equity through SIP in index investing systematically
hdfc top 200 is one of the best plans, please check if they have a monthly SIP option. Am saying this because the fund manager Prashant Jain is one of the best.
However please double check what I am saying and don't start first with equity but with fixed income investments