I want to build corpus of 10 crores by the time I turn 60 now my age 39. How much should I invest monthly in Mutual Funds.
Anitha
Ans: Hi Anitha, thanks for writing to me. You will need to invest Rs.90,000 every month to create a corpus of Rs.10 Crore in 21 years.
1-Edelweiss Nifty 100 Quality 30 Index Fund-Growth-Rs.15,000 per month.
2-Axis ESG Fund-Growth-Rs.15,000 per month.
3-UTI Nifty 50 Index Fund-Growth-Rs.15,000 per month.
4-Tempelton India Equity Income Fund-Growth-Rs.15,000 per month.
5-DSP Top 100 Equity Fund-Growth-Rs.15,000 per month.
6-Samco Flexicap Fund-Rs.15,000 per month.
Annually stepping up your SIP by 10% or more will help you create a larger corpus.
