You will be able to build your target corpus easily with regular investments in one or two top-rated diversified equity funds
13-Oct-2015 •Research Desk
I am retired person. I want to buy a home of ₹1 crore for my daughter after 10 years. I can invest ₹50,000 per month. Is it enough to build the amount or should I invest more? Also, which mutual fund schemes should I select? Should I choose weekly SIP or monthly SIP?
- Sanjeev V Chintal
You will be able to build your target corpus of ₹1 crore easily with regular investments in one or two top-rated diversified equity funds. We have assumed a modest rate of 10 per cent return for the calculation. You can start a monthly Systematic Investment Plan (SIP) to invest in them.
Here is a list of our best diversified equity scheme.