I am 40 years old. I want to invest for another 20 years with an corpus target of 3 crore. I am investing from last 2 years.
My present investments are:
Parag Parikh Flexi cap fund - Rs 10000
Axis Blue Chip Fund - Rs 5000
Axis Mid cap fund - Rs 2500
Axis Small cap fund - Rs 2500
Mirae Asset Emerging Blue Chip - Rs 2500
NPS - Rs 5000
VPF - Rs 6000
RD - Rs 7000
Please help me with more funds and amount how much to be invested.
Ans: With Rs. 22500 SIP a corpus of Rs. 3 cr can be created in 22 years.
Additionally, with 18K NPS / VPF / RD Rs. 1 crs corpus will get created
Hence nearly Rs. 4 crs corpus will get created with current investment