I have recently gotten a lump sum amount of 10 lakh and will get 20-30L in the next 6 months. I have already invested around 10L in various hdfc mutual funds schemes randomly since 2015. Now I want to start SIP in other mutual funds keeping my daughter's education and my retirement as my aim for building corpus.
I am a 37 years healthcare professional and my daughter is 7 years old. Kindly suggest some good schemes to invest in. How much amount should I invest through SIP monthly to build a corpus of 5 Cr in the next 20 years?
Ans: Hi Prachi. Considering your requirements, to achieve a corpus of 5 Cr you can start a sip of Rs. 37000 for next 20 years. For your portfolio, you may refer below mentioned schemes:
- Nippon India Growth Fund
- Kotak Small Cap Fund
- PGIM India Flexicap Fund
- ICICI Pru Bluechip Fund