I am 35 earn Rs 30,000 a month. For the past six months I have been investing through SIPs for my 7 year old daughter’s future education expenses and marriage. I am investing Rs 2,000 in, DSPBR Top 100 and HDFC Top 200. I have additional Rs 2,000 – Rs 3,000 a month to invest. Please suggest funds that I can invest in to accumulate Rs 50 lakh in 15 years?- Arun Sharma
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To achieve your goal to accumulate Rs 50 lakh in 15 years, you will need to invest Rs 7500 per month in a portfolio that earns an annualised 15 per cent or Rs 10,000 earning 12 per cent annualised returns. This should be achievable with the two funds that you have selected to invest in, which are highly rated, have a track record and performance history to meet your goals. You can invest your additional investments in the same funds to advance your financial goal or rescale the sum you wish to accumulate after investing for a few years.
This article was originally published on August 08, 2011.
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