I am 51 years old and have two questions like:
A) I want a corpus of 1 crore in next 5 years, how much I need to invest monthly /yearly.
B) I want a corpus of 3 crore in next 6 years, where I need to invest and how much I need go for premium for monthly /yearly.
Appreciate your response.
Ans: Hello Thatha. Based on your 2 goals aligning in 5 years, it is likely that you will need to start SIP of Rs 1.21 lakh per month with 12% CAGR.
With 12% CAGR, you may start a monthly investment of 2.84 lakh to achieve your 3 Cr goal in the next 6 years.