I am earning 43000 Rs per month, my financial goal...
I am earning 43000 Rs per month, my financial goal is 50 Lakh rupees in 10 years, how can I achieve it by investing in PPF, FD, mutual funds, and shares?
Saving Rs. 25,000 per month from your income would help you reach the desired corpus of Rs.50 lacs in 10 years requiring a return of around 9.5%.
The return of 9.5% can be achieved by making investments in a mix of Equity Mutual fund & PPF in the proportions of 70/30. You can spread your investments in the following categories of equity MFs by selecting one of the top funds in each.
Large cap Funds- Axis Bluechip, mirae asset large cap fund 20-30%
Saving Rs. 25,000 per month from your income would help you reach the desired corpus of Rs.50 lacs in 10 years requiring a return of around 9.5%.
The return of 9.5% can be achieved by making investments in a mix of Equity Mutual fund & PPF in the proportions of 70/30. You can spread your investments in the following categories of equity MFs by selecting one of the top funds in each.
Large cap Funds- Axis Bluechip, mirae asset large cap fund 20-30%
Midcap Funds- axis midc