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Ulhas Joshi |25 Answers |Ask -Follow
Mutual Fund Expert - Answered on Mar 17, 2023
Question by Moin on Mar 16, 2023
Hello Sir,
I am 38 and new to mutual funds . I want to have corpus of 4 cr by the time i retire at 60 . Can you help me with how much to invest and which all mutual funds to invest in.
Ans: Hello Moin and thank you for writing to me! To create a corpus of Rs.4 Crore in the next 22 years, you need to start monthly SIP's of Rs.30,000.
You can consider investing in:
1-Samco Flexicap Fund-Rs.7,500
2-Edelweiss NIFTY 100 Quality 30 Index Fund-Rs.3,750
3-Motilal Oswal S&P BSE Low Volatility Index Fund-Rs.3,750
4-UTI MNC Fund-Rs.7,500
5-Tata Ethical Fund-Rs.7,500
Stepping up your SIP's every year by 10% or more will help you achieve your financial goals faster an create a larger corpus.
You can consider investing in:
1-Samco Flexicap Fund-Rs.7,500
2-Edelweiss NIFTY 100 Quality 30 Index Fund-Rs.3,750
3-Motilal Oswal S&P BSE Low Volatility Index Fund-Rs.3,750
4-UTI MNC Fund-Rs.7,500
5-Tata Ethical Fund-Rs.7,500
Stepping up your SIP's every year by 10% or more will help you achieve your financial goals faster an create a larger corpus.
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