1. Time horizon. If you will not need the money in next 10 years, the equity allocation would be 80-100%. If it is 5-10 years, then equity allocation would be 50-70%. Etc. It really depends upon the age of your child and when you would approximately require that money. Say, if you child is 10 years old, and you may need the money at 18 years, then the approx. time horizon is 7-8 years. While, if the child is 3 years old, the time horizon will be 15+ years. 2. Your own investment psychology. The above allocations are kind of aggressive. You may want to tone it down by 10-20% from equity to debt. You may want to add Gold as some percentage.