Rs 1.2 crore in MFs: How to fund child's education?
Pankaj Mathpal, founder of Optima Money Managers, advises that as your child's education expenses are unavoidable, preserving capital becomes more crucial than chasing higher returns. With a Rs 1.2 crore portfolio, he proposes allocating Rs 10 lakh each to an arbitrage fund, an equity savings fund, and a dynamic asset allocation fund for the next three years. This staggered approach safeguards the education corpus while permitting the rest of the portfolio to continue growing for long-term wealth creation.
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