Funds for children education

Atul Patel asked
Dear Srikanth,
Suggest me a good MF and SIP to my childrens. So after 5-7 yrs they will get some good amt for their education.

SRIKANTH SHANKAR MATRUBAI replied
Dear Atul Patel,
It would have been better if you had also given your investment amount and target amount for me to suggest suitably. Anyway, as a Thumb Rule, I have suggested the following funds. Before investing in them, do secure your future by taking adequate Term Insurance Cover. And then, you can invest in the following.
Consider investing in Large Cap Funds and Diversified Equity Funds,
Birla Sunlife Equity Fund
DSPML Top 100 Fund
DWS Tax Saving Fund
Fidelity Equity Fund
HDFC Prudence Fund
Sundaram Select Focus fund

Preferably invest through sips. While investing in Birla Sunlife Equity Fund, invest through Century Sip, to avail Free Life Insurance.
Also, in DWs Tax Saving fund, you will be getting Added Bonus of Free life Insurance of 5 times your Investment.
True, combining Insurance with Investment is not wise. But that is for ULIPs, which are very costly, non-transperanct and high charges.
Best of luck,
Srikanth shankar Matrubai

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