Hello Sir, I am aged 45 years now and want to create corpus. I have approx 50000/- INR per month as my savings. Please recommend good mutual funds which can grow my corpus for my retirement and children's higher education. Thank you.

Ans: You may consider below funds, Rs. 2500 in each:

• Parag Parikh Flexi Cap Fund- Growth
• Samco Flexi Cap Fund – Growth
• UTI MNC Fund - Growth Plan
• HDFC Index Fund - Sensex Plan  - Growth

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. 

Ans: Hi, 10 years is a long term. You can invest in diversified equity funds. You can invest via lump sum and SIP. Though it can give you negative returns in the short run, it will give you inflation beating returns in the long run.

Ans: I will not be able to suggest any fund or investment avenue as the provided information is not sufficient to ascertain the holistic financial view.

For a better future financial planning, there are various factors which are required to be considered such as Risk appetite, current financial situation, upcoming requirements and goals etc. It is advisable to consult a good financial advisor to tailor a strategy specific to your circumstances.

Ans: It's great to hear about your financial goals. Let's explore how we can achieve a corpus of 1 crore within 5 years:

Considering your time frame and target corpus, we'll need to adopt an aggressive investment strategy.

Mutual funds offer a range of options suited to different risk profiles and investment horizons.

To maximize growth potential, we can focus on equity mutual funds with a proven track record of delivering consistent returns.

A systematic investment plan (SIP) would be ideal for you, allowing you to invest a fixed amount monthly.

By investing regularly in mutual funds, you can benefit from the power of compounding and market appreciation over time.

It's crucial to select funds that align with your risk tolerance and financial objectives.

As a Certified Financial Planner, I recommend conducting thorough research or seeking professional advice to identify suitable mutual funds.

Additionally, consider diversifying your investments across multiple funds to spread risk and optimize returns.

Regularly reviewing your portfolio's performance and adjusting your investment strategy as needed is essential to stay on track towards your goal.

Remember, investing involves risks, and it's essential to remain disciplined and patient, especially during market fluctuations.

With determination and strategic planning, achieving your target corpus of 1 crore within 5 years is definitely attainable.

Stay focused on your goal, and don't hesitate to reach out if you need further assistance along the way.

You're taking a proactive step towards securing your financial future, and I'm here to support you in your journey.