Heres how much you need to invest to create a corpus of Rs 50 lakh
What you need to know about where and how much to invest to earn a handsome amount of return.
Disclaimer: This story is for informational purposes only and should not be taken as investment advice.
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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