Kid future 20years plan, mutual funds selection in dec,2024 with help of chat gpt, and google reivew best.

1. 50% (₹58,000): Parag Parikh Flexi Cap Fund

o Why It's Great:

 A blend of domestic and international equities (U.S. and Indian markets).

 Highly regarded for consistent performance and flexibility to adapt to market conditions.

 Exposure to blue-chip global companies like Alphabet, Meta, and Amazon ensures stability and growth.

2. 25% (₹29,000): Mirae Asset Emerging Bluechip Fund

o Why It's Great:

 Strong focus on mid-cap companies with growth potential.

 Balances the portfolio with higher risk-return components.

 A proven performer in the mid-cap category over the long term.

3. 25% (₹29,000): Motilal Oswal Nasdaq 100 ETF

o Why It's Great:

 Provides exposure to the U.S. tech giants driving global innovation and growth.

 Historically high returns from companies like Microsoft, Apple, and Tesla.

 Adds significant international diversification to the portfolio.

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Is this the Best Version of Portfolio 1?

Yes, this version of Portfolio 1 is optimal. The combination of funds ensures:

• Diversification across domestic and international markets.

• Sectoral Balance with exposure to large-cap, mid-cap, and tech-focused international equities.

• Risk Management by blending stable blue-chip funds with aggressive growth funds.

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Final Recommendation

You can proceed with this revised Portfolio 1. It aligns perfectly with your long-term goals of achieving high returns over 20-25 years for your child’s future while managing risks through diversification. Just ensure you review the portfolio annually and rebalance if needed.