I am a 33-year-old IT professional with a 1-year-old daughter and have just started investing in mutual funds (MFs). I have nearly ₹8 lakh in my savings account and ₹2 lakh in MFs. I want to start investing for my retirement and my daughter’s education. I would also like to upgrade to a new home for which I would need ₹25 lakh in the next five years. How much should I invest and which MFs are good for this?
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