I invest in Reliance Growth via an SIP of Rs 2,000/month. Now I want to invest Rs 6,000/month via SIPs. Suggest schemes only from these fund houses: Birla Sun Life Mutual Fund, SBI Mutual Fund, UTI Mutual Fund and Reliance Mutual Fund. How much can I expect from an SIP of Rs 8,000/month around 15 years from now?
— Sushil Gupta
You stated that you invest Rs 2,000 and would like to increase that to Rs 6,000. If you invest Rs 6,000/month over a period of 15 years, you could end up with Rs 30,27,456, assuming an annual return of 12 per cent. But do note: with any market related investment the return cannot be guaranteed. There is a risk that you will not earn a great return or your principal may get eroded.
You have limited our selection simply because you are focused only on four fund houses. We would not like to recommend any large-cap fund from these asset management companies. Neither would we like to suggest a mid-cap fund because then your portfolio could get tilted towards smaller companies. Go with three funds from the two categories mentioned below. Do an SIP of Rs 2,000 in each fund.
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