Am planning to invest Rs 10000 pm from April 2011 to June 2014 to create a portfolio for son's education - he will complete Class XII by then & move to graduate courses. Its 38 months and Rs 3,80,000 - what investment options under SIP to realize 10-15% return at end of term.
Am presently invested in JM Basic (Div), HDFC Top 200 (Div), Sudaram Financial Services & Sundaram Entertainment Opportunities (both Dividend), Axis Equity (Div) & Prudential ICICI Tax Plan besides having RD & PPF in his name and some FD as well.
Should I look at investing in funds below or new funds - 75% equity & 25% debt is my diversification. Also, can I split it as two SIP of Rs 5000 each or single with Rs 10000.
Also, looking at good pension fund with 15 year horizon under SIP mode for self & wife - around Rs 2500-3000 pm.
Am 42 years old, based in Hyderabad & just started my own consulting business six months back - have housing/car loans and monthly savings towards insurance, PPF, RD etc of Rs 8000-10000.
Plan to retire car loan of Rs 1.5 lakh by Dec 2011 and have savings of Rs 6-8 lakh by June 2014 for son's education.
Cheers
Shankar, Hyd
