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   You are here :     Moneycontrol     MMB      Personal Finance      MF Investment Help
MF Help for Child (3)   26-Jun-08 12:27Tracked by (0)  
Posted by:   Guest on ( 26-Jun-08 12:27 )
Dear Experts, My sixteen-year-old college going daughter is demanding one thousand rupees monthly as pocket money. In order to develop her interest in investments and manage her own portfolio and Saving Bank Account, I am planning to give her lump sum one lakh to invest in mutual funds with dividend reinvestment option for first year and monthly systematic withdrawal plans thereafter, so that she need not ask us for her pocket money. I have selected four funds with each 25K. 1/DSP Balance 2/DSP Top 100 3/HDFC Prudence 4/HDFC Top 200. I wish to know from you experts if my decision to educate my child and selection of funds is good enough. If not, any better suggestion will be welcomed – Thanks.

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