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Ramalingam Kalirajan |8093 Answers |Ask -Follow

Mutual Funds, Financial Planning Expert - Answered on May 18, 2024

Ramalingam Kalirajan has over 23 years of experience in mutual funds and financial planning.
He has an MBA in finance from the University of Madras and is a certified financial planner.
He is the director and chief financial planner at Holistic Investment, a Chennai-based firm that offers financial planning and wealth management advice.... more

Question by Sachin on May 12, 2024Hindi

Hi I am 45 and I am already investing in mutual fund 115000 monthly and my portfolio is approx 91 lakh nd how much time will take to become 5 cr if I invest 130000 per month..

Ans: Assessing the Path to ?5 Crore
It's impressive to see your commitment to investing and building wealth for the future. Let's analyze how increasing your monthly investment can accelerate your journey towards a ?5 crore portfolio.

Current Financial Standing
Solid Foundation
With a monthly investment of ?1,15,000 and a portfolio nearing ?91 lakh, you've laid a strong foundation for wealth accumulation.

Diligent Saving
Your disciplined approach to investing reflects your financial prudence and long-term vision for financial security.

Impact of Increased Investment
Additional Contribution
By boosting your monthly investment to ?1,30,000, you're injecting an extra ?15,000 per month into your portfolio.

Compounding Effect
This increased investment will accelerate the compounding effect, amplifying the growth potential of your portfolio.

Timeframe to Reach ?5 Crore
Projections
While exact calculations may vary based on market performance, assuming a reasonable rate of return, it's plausible to estimate the timeframe required to reach ?5 crore.

Conservative Estimate
Considering the current trajectory of your investments and the incremental contribution, reaching ?5 crore within a reasonable timeframe is a realistic goal.

Strategies for Success
Asset Allocation
Ensure your portfolio remains diversified across asset classes to mitigate risk and optimize returns.

Regular Monitoring
Stay vigilant in monitoring the performance of your investments and make necessary adjustments to align with your financial objectives.

Financial Planning
Consult with a Certified Financial Planner to fine-tune your investment strategy and address any potential hurdles along the way.

Conclusion
With your steadfast commitment to investing and the decision to increase your monthly contribution, the journey towards a ?5 crore portfolio is well within reach. Stay focused, stay disciplined, and continue moving forward towards your financial aspirations.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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