Sir, I am started investing from last 4 months through weekly SIP in following direct growth funds. Please advice whether I continue with them for 10+ years or change.
Parag Parikh flexi cap fund- Rs.2000 per week
Axis Blue chip fund- Rs.1000 per week
Axis Mid cap fund- Rs.1000 per week.
Can I achieve target of Rs. 1 crore corpus in next 10 years.
Ans: Sir, Rs. 16000 per month may take you up to Rs. 45 lakhs; for a crore corpus in 10 years Rs. 40,000 per month is required or weekly Rs. 10000 instead of Rs. 4000 presently.
With Rs. 4000 weekly it would take 15 years to reach the required corpus!