Sir, Please advise how much I should invest in mutual funds/stock per month or lump sum to create target of 30 cr in next 20 years. Currently my portfolio is 30 lakhs in stock & shares.
Ans: To achieve a target corpus of 30 crores in 20 years, you'll need to invest a substantial amount regularly, considering your current portfolio of 30 lakhs. The specific amount you should invest per month or in lump sum will depend on various factors such as your risk tolerance, expected rate of return, and the investment vehicles you choose (mutual funds, stocks, etc.).
Keep in mind that these calculations should be based on certain assumptions and projections, and actual results may vary. It's also essential to regularly review and adjust your investment strategy based on changing market conditions and your financial situation.
Consulting with a financial advisor can provide personalized guidance and help you develop a comprehensive investment plan tailored to your specific goals, risk tolerance, and investment horizon. They can assist you in determining the most suitable investment vehicles and strategies to maximize your chances of reaching your target corpus.