I am 39. I WANT 2 CRORE IN 7 YEARS TIME FRAME. KINDLY ADVISE HOW MUCH TO INVEST MONTHLY IN SIP MF AND IN WHICH SHALL I INVEST.
Ans: Hello Pankaj, Considering all factors, I suggest you start investing approx Rs 1.36 Lakh monthly sips to reach the target corpus.
If you wish, you can add some funds annually to reach Rs 1.36 lakh in sip investments. Listed below are some schemes you may find useful in achieving your future goals.
- Nippon India Growth Fund
- Quant Flexicap Fund
- Canara Robeco Emerging Equities Fund
- ICICI Pru Bluechip Fund