I have been investing in 2 SIPs (Sbi Small cap and Sbi Magnum equity) Rs 2500 each from 2018. Right now I am 31 years. Now I am planning to start 2 new SIPs of Rs 2500 (making a total of Rs 10,000 in SIPs). My plan is to make a good corpus for my retirement at 60. Kindly suggest 2 more SIPs to invest and whether my current investment is good enough?
Ans: The two schemes that can be considered are:
HDFC Index Fund – Sensex Plan – Growth
UTI Flexi cap Fund – Growth
In 29 years the corpus that can be created by monthly investment of Rs 10,000 will be nearly Rs 4 Crs.