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Ulhas Joshi  |25 Answers  |Ask -

Mutual Fund Expert - Answered on Mar 14, 2023

SADANAND Question by SADANAND on Mar 08, 2023

Hello, This is Anand from Mumbai. I am 50 yrs old working with a Pvt Co. I want to generate an income of Rs 1 Cr by the end of 58 yrs of my age. I expect my income should be around Rs 1 - 1.25 lacs per month from my 59th yr onwards based on the investments which I will make between these 8 years. Kindly advice me with suitable mix of investment portfolios like equities / MF's / other investment plans which will meet my requirement after 8 years.
Ans: Hello Anand and thank you for writing in.

To generate a corpus of Rs.1 Crore in 8 years, you need to start SIP's of around 61,000 every month.

You can begin by investing in:

1-Samco Flexicap-Rs.21,000
2-Edelweiss Nifty 100 Quality 30 TRI Index Fund-Rs.20,000
3-DSP Quant Fund-Rs.20,000

Annually stepping up the SIP's will help you create a larger corpus.

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