sir i want to invest 20k per month my goal is to get 50 lakhs where i should invest and how long in mutual fund
Ans: Hello Dilip and thanks for writing to me.
Assuming your investments compound at around 12%, you will be able to create a corpus of Rs.50 Lakh in around 11 years .
You can consider starting SIP's in:
1-Nippon India Multi Asset Fund: Rs.4,000
2-Samco Flexicap Fund:Rs.4,000
3-DSP Quant Fund:Rs.4,000
4-SBI Focused Equity Fund: Rs.4,000
5-Canara Robeco Bluechip Fund: Rs.4,000
Annually stepping up your SIP's by 10% or more will help you achieve your goal amount faster. Rebalancing your portfolio is also essential to ensure you are on the right track to achieve your goal.