Hello sir Deepak this side
I want to earn 5cr. in next 5 to 6 year
I want to invest in SIP so pls suggest how much amount I invest every month and which company. Thank you
Ans: To accumulate 5 crore in 5 to 6 years through SIPs, you'd need to invest a substantial amount monthly. Assuming an annual return of 12%, you'd need to invest around 4 to 4.5 lakh per month. However, this is a significant commitment and may not be feasible for everyone. It's essential to assess your risk tolerance, financial situation, and investment goals before committing to such a high amount. Additionally, consider diversifying your investments across different mutual funds or asset classes to mitigate risk. Consulting with a financial advisor can provide personalized guidance based on your circumstances.