I am interested in investing 1 Lakh per month in Mutual Funds. I am 46 years old NRI living in Germany, got good savings in FDs, got flat too with no loan left.
Now the plan is to buy the term plan for 4 Crore and Build of Corpse of 7-10 Crores by age of 60 years. Do let me know what is the minimum savings needed per month and i like to know which mutual funds to target.
Thanks
Ans: Hey yes its can be done by creating a balanced portfolio. If your time horizon is 7 years plus , you can select the following categories of funds
Small cap 30%
mid cap 30%
multi cap 15%
large and mid 15%
thematic 10%
Do let me know your views on this on my LinkedIn profile, attaching my profile :
https://www.linkedin.com/in/ca-vivek-lala-21a2038b?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=android_app