Disclaimer: This story is for informational purposes only and should not be taken as investment advice.

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In the good old days the only advice you’d ever hear past around regarding investments would be ‘at least 10% of monthly income needs to go in the bank’. Today, with so many more choices money can grow with attractive interest rates in a whole host of investment options.

To create a huge corpus in savings for an individual will include two basic things – time and initial investment. Investors agree that finding the right portfolio is essential.

One such query of creating a corpus of Rs 50 lakh was asked to ET mutual funds on Monday. “I am investing Rs 1,500 in three mutual fund schemes: SBI Multicap Fund, SBI Balanced Fund, and SBI Bluechip Fund. My plan is to accumulate around Rs 50 lakh in 20 years. I want to know whether I am investing in correct funds? If not, please suggest some other schemes.”

In an earlier report by Zeebiz, we calculated that an investment of merely Rs 5,000 in SIPs for a period of 20 years would give a future value of over Rs 57 lakh. This considering an expected rate of return at 13%.

How to earn Rs 50,000 monthly via investing in mutual funds?

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