I am 36 Years OLD. I wish to retire at an age of 50 years. My Son is 5 years old and I have to just focus on his education, family health and happiness. I want to invest around 15 lakh as of now and will invest more from my monthly savings, but I don't understand where to invest and how to invest so I can get better returns. So please guide me where I should invest my funds. I wish to have at least 5 Core Corpus at the age on my retirement plan.
Hi Ravi, I understand your vision is for retirement and child education. With a lump sum amount of 15 lakh, you can invest in categories like large cap, Flexi cap, large & mid cap, mid cap fund, etc.
STP would be a better alternative to lump sum if you want to take advantage of markets. Also, to achieve the goal of Rs 5 crore, you may start investing 50k monthly in sip mode for the next 15 years.