Hi I'm Azharuddin 32 years old.. I want to make a corpus of 1 crore in around 20 years. Please suggest me how and what monthly investments should I make.
(I already have HDFC life -30k, HDFC sanchay-50k, TataAIA-40k, Aditya Birla life -40k all annually)
Ans: to achieve your goal of accumulating 1 crore in 20 years, you can consider investing in a combination of equity mutual funds and other investment instruments. Based on your current investments, you can allocate a portion of your monthly income to SIPs (Systematic Investment Plans) in diversified equity funds, aiming for long-term growth. Additionally, you may explore investing in PPF (Public Provident Fund), NPS (National Pension Scheme), or other tax-saving instruments to diversify your portfolio and benefit from tax advantages. Regularly review your investments and adjust your strategy as needed to stay on track towards your financial goal.
