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Can you suggest funds for children's education 15 years down the line?

Have about 9 L which I want to set aside for my children's education which is about 15 yrs down the line. Can you suggest which funds are good with a sip of not more than 20K / month Have shortlisted HDFC Mid Cap opportunities and Franklin Templeton with 35% each And HDFC children fund with balance 30%


The rising cost of a child’s education prompts parents to look at ways in which they can save up for their child in the future. One of the best ways of saving for it is investing in Mutual Funds. Mutual Funds act as a better alternative to equities as they carry less risk.

Mutual Fund managers realize the burden that parents today have to face when it comes to their child’s education and have thus created funds specific to their future needs.

Some of the Funds you can look to invest in are given below:

  • HDFC Childrens Gift Fund - Investment Plan:

The fund has consistently performed higher than its benchmark whilst exposing the investor to moderate risk levels and providing returns of 12.96% p.a. over a period of three years. This means that an initial investment of ₹10,000 a month would imply a corpus of approximately ₹9,30,000 in just five years at the trailing rate of return. An investment in this fund for the long term should help you save sufficiently to meet your child's education needs.

  • SBI Magnum Children Benefit Plan:

The fund has a moderately low risk profile with annualized returns of 15.20% p.a. An initial investment of ₹10,000 per month will yield ͅapproximately ₹8,62,000 in five years. The lesser risk is accunted for by low levels of risk exposure to the investor.

It must be kept in mind that such an investment is made for the long term, and therefore under -performance of the fund in the short run should not lead to panic. Also, it is a general practice to transfer entire fund amount into debt funds two years prior to college education to protect it from any capital depreciation.

You can check out the Groww website for more such investment funds specific to your future needs.


Child education is one the main financial goals people have and the cost of professional courses is continuously soaring. Therefore, it makes sense to invest for your child's education. Some of the best mutual funds to invest in for education planning are:

  • Aditya Birla Sunlife Equity Fund
  • Mirae Asset Emerging Bluechip Fund
  • Aditya Birla Sunlife Frontline Equity Fund
  • Reliance Top 200 Fund- retail plan
  • Canara Robeco Emerging Equities
  • ICICI Prudential Balanced Fund
  • UTI Opportunities Fund

Groww Insights

If you have 9L for investing, why are are you looking at SIP - better to look at STP.

Please check out STP - https://groww.in/blog/the-6-best-equity-mutual-funds-for-stp/

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