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Please suggest mutual funds, SIP amount to create retirement fund?

ET Online|
Jul 09, 2018, 02.19 PM IST
0Comments
Investment
I am a salaried person from Delhi. Please help me to plan my investments (SIP preferred) to achieve my goal:

Time horizon: 12 years
Goal: Retirement planning / Rs 2.2 crore for wealth creation
Risk profile: High

Please suggest mutual fund schemes and SIP amount required in each of them to meet my goal.

Also, I have invested a lumpsum of Rs 1 lakh in L&T Emerging Businesses Fund - Direct (G) in April 2018, and started an SIP of Rs 10,000 in it.

-- Chhote Lal Vishwakarma

Ankita Tanna Narsey, Founder, Oaktree Financial Advisors, responds:


To create a corpus of Rs 2.2 crore at the end of 12 years (which would be Rs 4 crore - considering inflation), you need to invest about Rs 50,000 per month in highly aggressive mutual fund schemes. Please note, highly aggressive mutual funds come with higher risk.

You may consider investing in smallcap funds, midcap funds and multicap funds to achieve your goal.
0Comments
(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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