Please suggest which mutual funds are best to invest. Time horizon 10 - 12 years sip amount 15000 - 20000. want fund approx 60 to 70 lakhs
Ans: Hello Varun and thanks for writing to me. To create a corpus of Rs.70 Lakh after 12 years , you will need to invest around Rs.20,000 every month.
You can consider starting monthly SIP's in:
1-Edelweiss NIFTY 100 Quality 30 Index Fund: Rs.5,000
2-UTI MNC Fund-Rs.5,000
3-Kotak Small Cap Fund-Rs.5,000
4-Tata Multicap Fund- Rs.5,000
Stepping up your investment by 10% more every year will help you create your corpus faster.