I want to generate a corpus of Rs 1 crore in next 6 years and can save around Rs.25000 pm please suggest suitable plan
Ans: Hi Sanjeev, to create a corpus of Rs.1 Crore in 6 years, you will need to save around Rs.90,000 every month as SIP's.
You can start investing in:
1-Samco Flexicap Fund- Rs.18,000 per month.
2-Axis Business Cycle Fund-Rs.18,000 per month.
3-Axis ESG Fund Equity Fund Plan-18,000 per month.
4-Edelweiss NIFTY 100 Quality 30 Index Fund-Rs.18,000 per month.
5-UTI MNC Fund-Rs.18,000 per month.
Stepping up your SIP's every year by 10% or more will help you achieve your goals faster.