Requirement - 2 crore
Time - 30 years
Risk - Moderate
Sir based on above requirements please suggest -
1. How much amount of SIP do I need to done 2. In which fund I need to invest to get the required amount.
Ans: In order to get to 2crs your sip amount has to be Rs.5800 for the next 30yrs
Risk in equity markets is the volatility that you see in the short term, due to the longer duration of your investment that risk gets mitigated
The funds that you can select are as follows :
Small cap 30%
Mid cap 30
Multi cap 20%
Large and mid cap 10%
Thematic funds 10% ( can be changed as per requirement )
Generally the investment amount should be 30% of your gross salary to get to your goals faster , so if you can do a higher investment per month, you should aim for that
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