My age is 42 yrs. By the age of 60 yrs I want to create a corpus of 2 Cr. How much should I invest in SIP to achieve the corpus. Which mutual funds should I opt for?
Ans: Hi Arnab, thanks for writing in.
To create a corpus of Rs.2,00,00,000, you need to invest Rs.22,500 in SIP's every month. Annually stepping up your SIP's will help you create a larger corpus.
You can consider starting SIP's in:
1-Edelweiss Nifty 100 Quality 30 Index Fund- Rs.7,500
2-DSP Quant Fund- Rs.7,500
3-Samco Flexicap Fund-Rs.7,500