My baby is 15 months old and I want to invest for her. Please suggest the best way to invest for her education? Are child plans a good way to start investing?
Hari Sharma, Gurgaon
It is heartening to note your eagerness to start investing for your child’s future education needs so early. Child plans from insurers as well as mutual funds are well marketed to kindle the emotions of parents, however, these products may not necessarily be the best to invest in. As you have several years to go before the goal, you have the benefit of time to build a sizeable corpus. You should look at investing in diversified equity mutual funds from the OLM Elite set. Funds such as Birla Sun Life Frontline and Franklin India Bluechip are options worth considering investing.
