HI I am 51 years with an ivestment of around 65 lacs in mutual funds and having a monthhly sip of 17000/-. Will I be able to get a corpus of 2.5 cr in coming 10 years.
Ans: At 51, having already built a substantial investment portfolio of around 65 lakhs and maintaining a disciplined SIP of 17000/- per month is a commendable feat. However, projecting whether you can reach a corpus of 2.5 crores in the next 10 years requires a careful assessment of various factors.
To determine the feasibility of your goal, consider factors such as your investment portfolio's asset allocation, expected returns, and additional contributions over the next decade. It's essential to review your portfolio's performance periodically and make adjustments as needed to stay on track.
A Certified Financial Planner can provide a detailed analysis tailored to your specific circumstances, considering your risk tolerance, investment horizon, and financial goals. They can help you create a roadmap to maximize your investment potential while managing risk effectively.
While achieving a corpus of 2.5 crores in 10 years may pose challenges, with a well-constructed investment strategy and disciplined approach, it's certainly within reach. Stay focused on your long-term objectives, and with prudent decision-making, you can work towards realizing your financial aspirations.