I have 1.5 lakhs per month salary ,with no loans .. i want to invest in such a way that in 5 years i get 6 crore ..how to achieve it
Ans: our investment decision shall be dependent on, first your Risk Profile, Period of investment and your life goals or milestones. Most importantly, one has to have minimum time horizon of 10 years+ if intend to invest in equity MFs for reasonably good returns and getting benefits of power of compounding. Please note that the Asset Allocation based on your Risk Profile and continuity of your investments will be the key determinator for accumulating the desired retirement corpus.
Please connect to a certified financial advisor or Certified Financial Planner for taking the help.
Purshotam, CFP®, MBA, CAIIB, FIII
Certified Financial Planner
Insurance advisor
www.finphoenixinvest.com