I’m a 49-year-old physician presently doing personal observe. I’ve an sufficient funding in PPF, FD, and NPS. I want to put money into mutual funds for the following 7 years to generate a corpus of fifty lakhs for my daughter’s marriage via the SIP route. Kindly advise me of mutual funds and the SIP quantity to be invested on a month-to-month foundation to realize this corpus quantity.
-Kumar Nigam
To create a corpus of Rs. 50 lakhs, you have to make investments ₹40,000 per 30 days via SIP over the following 7 years assuming 12% CAGR returns on the funding. It is noticed that the fairness delivers superior return over an extended time horizon. Hence, it’s advisable to create a portfolio via SIP funding within the Large & Mid Cap, Flexi Cap, Mid Cap and Value class of equities. You can consider dividing the SIP quantity equally amongst Axis Growth Opportunity Fund, HDFC Large & Mid Cap Fund, UTI Flexi Cap Fund, Parag Parikh Flexi Cap Fund, Kotak Emerging Equity Fund, Nippon India Growth Fund and IDFC Sterling Value Fund. This means your portfolio will probably be diversified throughout the class, geography and AMCs. It is advisable to evaluation the portfolio atleast as soon as in a yr.
I’m 46 years outdated and I just lately offered a property for ₹12 lakh. Now, I need to make investments this cash in a solution to get month-to-month revenue. Where ought to I make investments?
-Ramesh
In our opinion, probably the most suited funding avenues so that you can obtain the common revenue together with capital preservation are RBI floating charge bonds and highest rated company FDs i.e. Bajaj Finance and Mahindra & Mahindra Financial companies. The rate of interest being supplied on RBI Bonds is 7.15% whereas the best rated Corporate FDs for 3–5-years tenure provides rate of interest within the vary of 6.4-6.5%. You can consider equally dividing the corpus between these two avenues.
Sanjiv Bajaj, Joint Chairman and MD, Bajaj Capital. Queries and views at [email protected]
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