I am 36 years old working in the IT field and have 25k/ month SIP running since 13-04-2021. I am planning to invest for the next 20 years for my retirement, House Purchase, and as well as my daughter's (current age 5) education/marriage.
Motilal Oswal Midcap Fund - Gr: 2,500
Edelweiss Mid Cap Fund - Regular Gr: 5,000
Quant Small Cap Fund - Gr: 5,000
Canara Robeco Flexi Cap Fund - Gr: 5,000
Mirae Asset Emerging Bluechip Fund - Gr: 2,500
Parag Parikh Flexi Cap Fund - Reg Gr: 5,000
The current value is: 452661
I want to purchase a house before my daughter turns 12 years old. Kindly advise me if I need to increase my SIP or change any plans.
Ans: The corpus that can be created by SIP of Rs 25K in 7 years is Rs 35 lakh.
Current value of Rs 4.5 lakh will grow up to Rs 10 lakh, hence total Rs 45 lakh will be available for the home purchase.
Child education and marriage corpus and tenure is required
For Retirement in 13 years the corpus that can get created by monthly investment of Rs 25K is Rs 1 cr.