My name is satya age 38 years old. I work in a software company. I have two children, ages 3 and 1 Years old.
I am new to MF and wanted to invest an amount of 12K per month for a long term of nearly 15 years. To create a corpus of 1 crore.
My priorities:
a. Children's education.
b. Retirement.
Please suggest to me which are the best SIPs to invest for 15 years.
Ans: Hi Satya, thanks for writing to me.
To create a corpus of Rs.1 Crore in 15 years, you need to begin by investing Rs.12,000 in this year and then annually stepping up your SIP's by at least Rs.2,000 every year.
You can consider monthly SIP's as I mention below:
1-Edelweiss Nifty 100 Quality 30 Index Fund-Rs.3,000
2-Axis ESG Fund-Rs.3,000
3-UTI MNC Fund-Rs.3,000
4-SBI Focused Equity Fund-Rs.3,000