Target One Crore
The power of compounding interest & systematic investments can help you achieve your goal…
By Research Desk | May 24, 2011
How much should I invest in mutual funds to achieve Rs 1 crore after 15 years?
Investing systematically and regularly in mutual funds can achieve your target of accumulating Rs 1 crore in 15 years. If your mutual fund portfolio earns an annualised 12 per cent, you need to invest Rs 20,000 every month for the next 15 years to achieve your target. If the same portfolio earns 15 per cent, the monthly investment will be Rs 14,800. This is the combined play of power of compounding and systematic investments.