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How much should I invest monthly in mutual funds to build Rs 10 crore?

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|
Updated: Nov 13, 2019, 11.11 AM IST
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long term investing
I am 23 years old. I am looking to invest in mutual funds to build a corpus of Rs 10 crore in 25 years. What is the amount I need to invest every month to achieve the target? I am currently saving Rs 50,000 per month.
--Ujjawal Singhal

Pankaj Maalde, a certified financial planner, responds:

You may consider investing in equity mutual funds. Equity mutual funds come under high-risk-high-return category and requires a long term investment horizon. Assuming an annual return of 12% per annum, you need to invest Rs 53,225 per month for 25 years to achieve your target of Rs 10 crore. I will ask you to invest in a multi cap fund which invests across all market capitalisations and sectors. You can invest in the growth option.

You may consider investing in the following schemes: Axis Multicap Fund, Kotak Standard Multicap Fund, SBI Magnum Multicap Fund, or Aditya Birla Sun Life Equity Fund.
(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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