My age 43, i want create 1.00 cr, now i invested 10.00 lakh in quant and this month onwards invested 30000/_per month in quant small cap sip , i want create 1.00 cr ny next five years. I want to take maximum risk.plz advise me
Ans: Given your goal of reaching 1.00 crore in 5 years with a high-risk appetite, it's essential to maintain a balanced approach:
Investment Strategy: Continue with high-risk investments like small-cap funds but also diversify. Allocate a portion to mid-cap and multi-cap funds to spread risk.
Increase SIP Amount: Consider increasing your monthly SIP amount as your income allows to accelerate wealth accumulation.
Regular Review: Monitor your investments regularly and adjust your portfolio based on market conditions and performance.
Consult a Financial Advisor: Consult a financial advisor to create a tailored investment plan aligned with your risk profile and goals.
Remember, while taking high risks can potentially offer higher returns, it's crucial to ensure that your portfolio is well-diversified to mitigate potential losses.