SIP for daughter

125°
Deal Cadet
Msd_7

Hello Guys, 

Need some advice regarding SIP's. I don't know much about sip's n all but on suggestions of parents,relatives etc started these 4 sip's for my 2.5 years old daughter. 

I don't know much about them but saw them on phonepe app and some reel so started the 1st one (hdfc small cap) in Feb this year and the other 3 today. 

Read some comments n been thru some posts and accordingly took them all for 3 years  but not sure whether I choose the right ones etc etc. Any suggestions, advice etc will be really appreciated. 

Thanks in advance😊

1000120138

22 Comments  |  
8 Dimers
  • Sort By
Deal Subedar Deal Subedar
Link Copied

Are these Direct growth funds or Regular funds. If regular, immediately exit from them. And move to any discount broker like Zerodha, Groww, Indmoney. 

Deal Cadet Deal Cadet
Link Copied

I don't know bro, how can I check if it's regular? 

View 6 more replies
Deal Subedar Deal Subedar
Link Copied

In terms of Allocation, since the term of investment is long. My suggestion would be

Large cap - 50%

Midcap - 25%

Small Cap - 25%

Some investment in gold either through ETF or bullion is advisable along with it. 


Helpful Helpful
Link Copied

Stay with large cap for beginners. Low return low risk.

Can look for mid cap if moderate risk and better returns but holding period should be long. 

Small cap usually test patience coz they rise faster and fall faster. So hv small allocation to these coz risk is even more 

Deal Cadet Deal Cadet
Link Copied

Should I cancel this 4 and start new fresh ones accordingly? 

Not sure if they'd deduct any charges, what do u recommend 

View 3 more replies
Finance Mentor Finance Mentor
Link Copied


If they are direct funds not regular funds, all these are reputable funds. Go ahead. Just don't panic and withdraw everytime you see the portfolio in red.

If you do that, you will have a nice college fund by the time she is ready.
Deal Cadet Deal Cadet
Link Copied

I have purchased it thru investment section on phonepe app not sure if it is direct or regular? 

View 3 more replies
Talk-Of-The-Town Talk-Of-The-Town
Link Copied

I think phonepe has regular funds.

Always go for direct over regular

Pro Shopping Friend Pro Shopping Friend
Link Copied

Open an account with Zerodha & start investing via it.

Deal Subedar Deal Subedar
Link Copied
but they charge isn't it ?
Kuvera and Groww won't charge for direct.
replyuser
Click here to reply
Reply