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Nikunj Saraf |308 Answers |Ask -Follow

Mutual Funds Expert - Answered on Oct 06, 2022

Nikunj Saraf has more than five years of experience in financial markets and offers advice about mutual funds. He is vice president at Choice Wealth, a financial institution that offers broking, insurance, loans and government advisory services. Saraf, who is a member of the Institute Of Chartered Accountants of India, has a strong base in financial markets and wealth management.... more

Question by sumit on Oct 06, 2022Hindi

Money

I am 35 years old. I want to build a corpus of 1-2 crore over a period of next 20 years. I'm ready to invest 15000 per month. Could you please suggest some mf where I could invest and reach my goals?

Which all the below funds will do.

Large Cap funds:

Axis Bluechip Fund
Canara Robeco Bluechip Equity Fund

Small Cap funds:

Axis small cap
Sbi Small Cap fund
Nippon India Small Cap

Index Fund

HDFC Index S&P BSE Sensex Fund
UTI Nifty 50 Index Fund

Mid Cap

PGIM India Midcap Opportunities Fund
Axis mid cap fund

Ans: Hi Sumit. It appears that you have conducted thorough research on the mutual fund market. All schemes are finely selected. While creating your portfolio, I would suggest AMC diversification along with category diversification.

As an additional recommendation, I recommend adding on yearly sip amounts in order to attain your goal as soon as possible.

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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I am 45 year old and want to build a corpus of 1.5 Crore in next 15 year. Pls Suggest Me the MF I need to invest. My Risk Appetite is High as I am starting late.

Ans: Monthly SIP amount of Rs 27500 will be required to achieve the targets:

Below are few funds that can be considered for creating a corpus of Rs 1.5. Crs in 15 years

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I am having MF investments of about Rs 43K per month and wish to invest Rs 20K more from next month. Please suggest suitable MFs so that I can create the maximum corpus by retirement. At present, I have invested in: AB Sun Life Frontline Equity Fund -- Growth HDFC Mid-Cap Opportunities Fund -- Regular Plan, Growth ICICI Prudential Banking and Financial Services ICICI Prudential Bluechip Fund -- Growth Kotak Flexicap Fund -- Growth Mirae Asset Large Cap Fund -- Growth Nippon Large Cap Fund -- Growth SBI Blue Chip Fund -- Regular Plan, Growth

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Hello sir, my monthly income is 7,00,000, i an invest around 4,00,000 every month in mutual funds. Looking to create a corpus of 30 cr in 20 years. Kindly suggest me some funds

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My wife is retired Her income from STCG from debt funds in this FY is 61000 Her income from LTCG from debt funds is 499000 If she invests Rs 61000 in ELSS will IT DEPT allow rebate of 61000 under section 80c and if so, her taxable income being 499000, will she get rebate under section 87A under the old tax regime

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Ans: Hello;

You may be able to achieve 1 Cr corpus in the following manner;

1. Do a flat monthly SIP of 50 K for 10 years.

2. Begin with a monthly sip of 15 K and step it up every year by 30% minimum.

Other option is to do a flat monthly sip of 20 K for 17 years to achieve 1 Cr.

A modest return of 10% is considered.

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Hello Sir, I am 35 year old working women & having SIP of 51K for 15 years. I started it 2 years before.(Current amount is 14L) My salary is 85K per month. I have 10 years daughter. I have currently purchased 2BHK home having home loan of 50L for 15years.My target is close the loan in next 5 years. Rent is coming 15K. EMI is 70K.(35K husband pays the EMI).NPS is 50K yearly. LIC 35K yearly. I want to retire by 2036 with amount of 2cr.Please suggest.

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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