Hello, sir
Please tell me how to create a corps 2.5 cr at the age of 35. My current age is 24 and earning 50 to 70k monthly with other expanses. So where can i investment.
Ans: Defining Your Goal
You aim for a corpus of Rs. 2.5 crore by age 35.
You have 11 years to achieve this goal.
Current Income and Savings
You earn Rs. 50,000 to Rs. 70,000 per month.
Determine your monthly savings potential.
Monthly Investment Plan
Aim to save and invest consistently.
Consider investing a significant portion of your savings.
Investment Options
Focus on mutual funds for growth.
Choose a mix of equity and debt funds.
Benefits of Equity Mutual Funds
Equity funds offer high growth potential.
Ideal for long-term investment goals.
Benefits of Debt Mutual Funds
Debt funds provide stability and reduce risk.
They balance the portfolio.
Starting SIPs
Start SIPs in selected mutual funds.
This ensures disciplined and regular investing.
Professional Management
Seek guidance from a Certified Financial Planner.
Regular reviews and adjustments are necessary.
Final Insights
Consistent investing is key to achieving your goal.
Balance between equity and debt for stability and growth.
Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in