Hello Sir I am Arnab Majumder and I am 39 years Old. I want to create a fund of 1.5 cores within next 10 years. So kindly guide me which fund to select and what will be my SIP amount?
Ans: To achieve a corpus of Rs.1.5 Crore in the next 10 years, you will need to start SIP's of Rs.60,000 per month.
You can consider investing in:
1-Edelwiess Nifty 100 Quality TRI 30 Index Fund-Rs.15,000 per month.
2-Samco Flexicap Fund-Rs.15,000 per month.
3-HDFC Top 100 Fund-Rs.15,000 per month.
4-DSP Quant Fund-Rs.15,000 per month.
Stepping up your SIP amount every year by 10% or more will help you achieve your goal faster and create a larger corpus.
