I'm looking to accumulate the funds of 2 crore through mutual funds in next 5 yrs. Kindly guide n suggest through investment plans.. Shammsunder nikam
Ans: Hello, there are 2 ways to invest money in mutual funds , one is SIP's and other is Lumpsum
If you have an active income, then your sip amount should be 2.38L to get to 2crs in 5yrs @13% xirr
If you want to invest a lumpsum amount then your investment has to be 1.08 crs to get to 2crs in 5yrs at 13% cagr
Remember that past performance is not a guarantee for future returns, and it's always important to review your investments periodically to ensure they remain aligned with your financial objectives.
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