Current Age: 51, Retirement age: 60 @ 2031, nine years left. I need around Rs 50 lakhs by 2035 by investing in various MFs.
Please advise. My current investment in MF is as below.
UTI Opportunity Fund: SIP of Rs 2,000 pm
UTI Equity Fund (Flexi): SIP of Rs 2,000 pm
My current corpus in UTI is Rs 7,00,000. I have been investing since 2012.
Please advise other MFs to invest to achieve the above corpus.
Ans: Few schemes that may be considered are Axis ESG Equity Fund (Growth), Motilal Oswal Focused 25 Fund (Growth), ICICI Prudential US Bluechip Equity Fund (Growth), SBI Magnum Global Fund (Growth) and DSP Quant Fund (Growth).