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Nikunj

Nikunj Saraf  |308 Answers  |Ask -

Mutual Funds Expert - Answered on Nov 30, 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
Prachi Question by Prachi on Nov 30, 2022Hindi
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Money

I have recently gotten a lump sum amount of 10 lakh and will get 20-30L in the next 6 months. I have already invested around 10L in various hdfc mutual funds schemes randomly since 2015. Now I want to start SIP in other mutual funds keeping my daughter's education and my retirement as my aim for building corpus.

I am a 37 years healthcare professional and my daughter is 7 years old. Kindly suggest some good schemes to invest in. How much amount should I invest through SIP monthly to build a corpus of 5 Cr in the next 20 years?

Ans: Hi Prachi. Considering your requirements, to achieve a corpus of 5 Cr you can start a sip of Rs. 37000 for next 20 years. For your portfolio, you may refer below mentioned schemes:

  • Nippon India Growth Fund
  • Kotak Small Cap Fund
  • PGIM India Flexicap Fund
  • ICICI Pru Bluechip Fund
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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