Can you please suggest risk free debt mutual funds to invest for child education
I want to invest in risk free debt mutual funds for child education. For which, I want to allocate Rs. 5 lakhs each for 2,3&5 year terms. Please suggest how to go about it & which funds would be better in terms of safety and steady return?
You can invest in income funds for the purpose of your child’s education. Please select an income fund form the Top Performing Income Funds here.
Since you have mentioned investing in debt funds, we have suggested the above link.
However, if you are willing to take a bit of risk only for the investment you want to make for 5 years, balanced funds could be a very good choice for you. But before deciding to invest in balanced funds, please go through these -
Why balanced funds may be best investments for new mutual fund investors
Top and Best 5 Balanced Funds to invest for investment in 2016
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