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Ashokan
Ashokan
Ulhas

Ulhas Joshi265 Answers  |Ask -

Mutual Fund Expert - Answered on Jul 27, 2023

Asked on - Jul 16, 2023Hindi

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I am going to enter my 60 on 1 Aug 2023. I could invest at least 50 K per month from now for a minimum of 10 years. Suggest suitable investment idea for a long term retirement fund. This 50 k includes a 12k of rental income. No EMIs to pay. Some 2 L in bank balance. No retirement for me compulsorily. Can work as long as I wish. I am fit enough to work for at least for 20 years. 1 Cr. Corpus, I am planning. Guide me suitably. Thanks in advance
Ans: Hello Ashokan and thanks for writing to me. I wish you a very happy birthday a little bit in advance.

Assuming that your you are able to generate XIRR of around 12%, you will be able to create a corpus of around Rs.1.16 Crore after 10 years.

You can consider investing in small cap and mid cap funds for around 5 to 7 years and then switch to large cap balanced advantage funds for the latter part of your journey. Small and midcap funds while generally more volatile than large cap and balanced advantage funds, can offer higher returns.

Now, you can consider starting SIP's in:

1-DSP Midcap Fund-Rs.10,000
2-SBI Magnum Midcap Fund-Rs.10,000
3-Kotak Emerging Equity Fund-Rs.10,000
4-HSBC Midcap Fund-Rs.10,000
5-UTI Midcap Fund-Rs.10,000

After a period of say 5 to 7 years, you can stop investments in these schemes and then begin investing in BAF and Large Cap funds.

Stepping up your SIP's every year will help you create a larger corpus. Periodic rebalancing of all schemes you are investing in is essential to ensure you are on the right financial track. I recommend you consult a financial planner who can help you create a robust plan keeping your needs in mind.
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