I am 37 from Ghaziabad. I am an HR professional.
I had liabilities due to some losses I faced during Covid that I had to pay in the next 3 years. I am currently looking to invest some amount to create my portfolio. As of now my only SIP is running which is 1k in Axis Blue Chipfund - Direct Growth from the past 11 months.
I need to create wealth for my Daughter's education / Marriage / My Retirement approx 3-4 crores minimum.
Please suggest to me what investment I can do and how much amount I should Invest for now to create a good portfolio down the line 15 years I should not regret. Also please share the funds or invest plan names for long term with great benefits or returns and tax can also be saved in maturity amount.
Please let me know if any more information is required.
Ans: Hello Amandeep. I understand you have multiple goals for the next decade. If you want to build a corpus of 3-4 Cr, it's advisable to start investing in sips more and more. Say a monthly sum of approximately Rs.44000 sips.
You can add on some funds annually to reach to sip investments to 44 k. Kindly find below suggested schemes that may accomplish your future goals.
- SBI Small Cap Fund
- Nippon India Growth Fund
- PGIM India Flexi cap Fund
- Canara Robeco Emerging Equities Fund
- Mirae Asset Tax Saver Fund- contains lock in period