Long-Term Plan | Value Research Invest with a goal and monitor its progress
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Long-Term Plan

Invest with a goal and monitor its progress

I have a monthly income of Rs 35,000. Can you suggest funds that I can invest in to build a corpus of Rs 1 crore over 10 years?
Prashant Chari

Investing with a goal is a good start. You can build a corpus of Rs 1 crore in 10 years by investing Rs 30,000 a month in a fund with 18 per cent return or Rs 35,000 a month in a fund that earns 15 per cent. There are many funds that have consistently given such returns. Your investing philosophy should be to invest in a fund that is consistent, has a track record and is well rated. Typically, one tends to increase SIP contributions with time. It is wise to start and then increase your contributions gradually.




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