InvestorQ : I am a single mother, and I want to plan for the future of my daughter. Where do you think, I should invest to provide for her education and marriage?
Rohan Bhadani made post

I am a single mother, and I want to plan for the future of my daughter. Where do you think, I should invest to provide for her education and marriage?

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Gauravi Patel answered.
1 year ago
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There’s no right time to start investing and you can start the moment you think about doing so. In case you are planning for a long-term investment, you can choose from a mutual fund or stock market investment.

Mutual Fund:

There are fund houses that pool resources from people and invest money in the securities of various companies that provide good returns. When you invest in a mutual fund, you buy units of that fund and not securities directly from the market. Investment in a mutual fund can be beneficial as:

  • It has a lower risk than stock market investment.
  • Returns are attractive.
  • You get a diversified portfolio of securities
  • Investment in funds is managed by professionals who are experts in their field.
  • Best suitable for long-term investment.
  • You can also invest in a mutual fund through SIP (Systematic Investment Plan) where you invest a fixed amount per month/year to the fund

So, if you want an organized investment with lower risk, you can put your money in a mutual fund either on a lump sum basis or on a systematic basis.

You can check more info here - https://mf.indiainfoline.com/MFOnline/FundScreener

Stock Market Investment:

This is suitable for those who have sufficient knowledge about the market. Since the market is highly unpredictable, the risk is higher with this investment. However, in the long run, returns are attractive on equity investment and one can actually build wealth by investing in the right stocks.

If you have a high-risk appetite, and possess a little knowledge about the stock market, investment in stocks can be a great investment option for you.

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