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Am I investing in the right mutual funds for my kids’ education?

I have invested a lumpsum in the following mutual funds:
L&T Emerging Businesses Fund: Rs 10 lakh (invested 6 months back)
ICICI Prudential Equity & Debt Fund: Rs 5 lakh (invested 2 months back)
Kotak Emerging Equity Scheme: Rs 5 lakh (invested 1 month back)
DSP Equity & Bond Fund: Rs 5 lakh (invested 2 months back)
My investment horizon is 10 to 15 years. I am investing for my kids education and their marriage. Are my investments good?
--Prince Rajkumar

Subir Jha, Founder, BuckSpeak, responds:

I don’t see anything wrong with your choice of schemes. In any case, these are extremely early days of your investment and the schemes should be given a longer rope ( minimum 2-3 years ) , before you consider even evaluating them . Equity investments are volatile by nature and hence one needs lots of patience if you want to reap the benefits of higher- than- inflation returns.

In case, the ups and downs give you too many jitters, you could consider adding one or two debt mutual fund schemes in your portfolio. Also stop monitoring your equity portfolio on a daily/weekly basis. It serves no purpose , except making you feel nervous

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