I want to create corpus of Rs 5 crores in next 15-20 years. I am currently 44 years old.
I have following MF investments (all lump sum):
- DSP equity & bond fund- Rs 80,000.00
- DSP Quant fund- Rs 20,000.00
- DSP tax saver fund- Rs 500.00
- Axis flexicap fund- Rs 25,000.00
- Axis nifty 100index fund- Rs 20,000.00
- Axis Floater fund- Rs 5,000.00
- HDFC Hybrid Debt fund- Rs 80,000.00
- ICICI divided yield fund- Rs 60,000.00
- L&T Large and mid cap fund- Rs 55,000.00
- Aditya Birla divided yield fund- Rs 5,000.00
- Tata divided yield fund- Rs 15,000.00
- Tata equity hybrid fund- Rs 18,000.00
I have SWP of total Rs 15,000 in few of the above funds.
Advise me what needs to be done?
Ans: It would be advisable to use SIP or STP methods to accumulate corpus and let the power of compounding work.
A monthly investment of Rs 40,000 would be required for a corpus of Rs 5 crores in 20 years.
The funds that may be considered are as under:
- HDFC Index Fund - Sensex Plan - Regular Plan - Growth
- Samco Flexi Cap Fund - Regular Plan - Growth
- UTI MNC Fund - Growth Plan
- Parag Parikh Flexi Cap Fund- Regular Plan Growth
