How much should I invest if I want to create a corpus of ₹2 crore? I prefer SBI fund house. Is it a bad idea?
- Bhaskar Bhattacharya
You have set an unrealistic target for yourself. You have to create a huge corpus and you have only five years to achieve it. Though it doesn't sound a practical idea, we worked with some numbers to find out how much one needs to invest and earn on that investment to create a corpus of ₹2 crore. Guess what? You have to invest around ₹2.45 lakh every month and if your investment makes around 12 per cent per year, you will be able to create a corpus of ₹2 crore in five years.
It is essential that you give yourself more time to achieve your goals. This is because if you have a long investment horizon, you can easily achieve your target by investing a small amount regularly in equity.
Here is a useful link that will help you to find out how much you need to invest to achieve your target.
This article was originally published on October 20, 2015.
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