How do I generate 1 crore in 8 eight years
Ans: Hi Ardhendu, thank you for writing in. To create a corpus of 1 Crore in 8 years, you need to start monthly SIP's of Rs.64,000.
You can consider investing in:
1-Samco Flexicap Fund- Rs. 16,000
2-Edelweiss Nifty 100 Quality 30 Index Fund- Rs.16,000
3-DSP Quant Fund- Rs.16,000
4-HDFC Top 100 Fund- Rs.16,000
Stepping up the SIP amounts annually will help you achieve your goal faster and create a larger corpus over the long term.