Investment for child: Birla MF Bal Bhavishya NFO – Is it amongst the best plans for children related investment?
There aren’t many MF schemes targeting needs such as arranging down payment for a home loan, children education and marriage needs or one’s own retirement. When it comes to investments for child, most parents are in a fix and unable to find a dedicated investment for meeting financial goals of the children. However, for specific goals, such as child education, it helps to earmark the funds towards it and not run the risk of making a premature exit before the goal is met. Mutual funds that are child-focused schemes may…Read More