I invest in Reliance Growth via an SIP of Rs 2,000 per month. Now I want to invest Rs 6,000 per 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 could I expect from an SIP of Rs 8,000 per month around 15 years from now?
-Sushil Gupta
You have stated that you invest Rs 2,000 per month and would like to increase the amount by Rs 6,000. If you invest Rs 8,000 per month for 15 years, you could end up with Rs 40,36,608, assuming an annual return of 12 per cent. But do note that as with any market-related investment, there is no guaranteed return. There is a risk that your returns could be lower than our rather conservative estimates or that your principal could get eroded (though the probability of that happening is small). You have limited our selection simply because you are focused only on four fund houses. We would not like to recommend any of the large-cap funds from these asset management companies. Neither would we like to suggest a mid-cap fund because then your portfolio would get tilted towards smaller companies. Go with three funds from the two categories (large and mid-, and multi-cap) mentioned below. Do an SIP of Rs 2,000 in each fund.
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This article was originally published on October 08, 2010.
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