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Can I build a corpus of Rs 5 crore in 15 years?

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

ET Online|
Nov 14, 2019, 04.24 PM IST
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for retirement
I have moved to Kuwait and I plan to be here for the next 15 years. I want to build a corpus of Rs 5 crore in 15 years. Please suggest me the safest way of investing in mutual funds.
--Chandru Prakash

Tarun Birani, Founder and CEO, TBNG Capital Advisors, responds:

You have a long investment horizon. I would recommend you to have a certain portion of your investments in equity. As you seem to be highly conservative, I would ask you to go with balanced funds. You need to invest Rs 1,20,000 per month to create a corpus of Rs 5 crore at the end of 15 years, assuming an annual return of 10% per annum. Equity is a risky asset class. But debt mutual funds are also not 100% risk free. They have interest rate risk, default risk and others. So, we can only reduce the risk factor but cannot eliminate it completely from any scheme.
(If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.)
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