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Vivek

Vivek Shah  |55 Answers  |Ask -

Financial Planner - Answered on Mar 08, 2023

Vivek Shah is a SEBI registered investment advisor and certified financial planner from FPSB India. He has over 18 years of experience in financial planning.
Shah founded Finrise, a financial planning and wealth management firm, in 2011. He believes that equity investment is the only way to generate long term wealth.
He has an MBA in finance, a degree in chartered accountancy and is a registered life planner from Kinder Institute of Life Planning, USA.... more
Asked by Anonymous - Mar 08, 2023Translate
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Hello, I am 37 Years old and my name is Vivek. I want to generate around 5 crores in the next 15 years for my child's education and a new home. Please suggest the SIP amount and the funds that will help me achieve this target?

Ans: Hello,

Glad to know that our names are same. Secondly, you also have your financial goals mentioned which is really a good sign to more forward with structured investment and tracking of your investments.

Looking at your requirement, please find the below solution from my side.

1) I am supposing that both your goals are maturing in the same year after 15 years.

2) I am assuming the returns of 12% and i am assuming that the figure which you have mentioned is already inflation adjusted which is Rs 5 crore.

Based on this information and assumption, you should have SIP of Rs 1,07,000.

I would recommend to invest in following funds:

1) large & Midcap Fund- 25%
2) Midcap Fund- 25%
3) Flexicap Fund- 25%
4) First Small Cap Fund- 13%
5) Second Small Cap Fund- 12%

You can select any good fund in these categories and stick to it for long term until and unless there are not any major changes to the fund.

Remember one thing, investment is not about selecting the best funds but 95% success in fulfilling your financial goal is managing your emotions and behavior in your journey of wealth creation.

I hope this will help you... Happy Investing...

Disclaimer: This information is only for educational purpose and it should not be taken as buy or sell recommendation. I may or may not have any position in these mutual funds or stocks while answering this question.
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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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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