personal finance

Mutual funds, SIP amount to build a corpus of Rs 10 crore


I am an executive with high income and I have already made significant investments in land and traditional savings. However, I want to build an additional corpus of Rs 10 crore for my retirement, which is 18 years from now. My risk appetite is moderately high. Can you suggest some funds and monthly SIP amounts for each to help me build the corpus?
-Paranjal Kumar

To begin with, you should consult a financial planner to make sure that you have invested in the right avenues and they are in line with your investment objectives and risk profile. You should also work with real numbers to find out whether your retirement corpus is enough maintain your current lifestyle even after retirement. You should work with real numbers, inflation and taxes to get a realistic target.

We typically as investors with moderate risk profile to invest mostly in multi cap mutual fund schemes. Here are our recommended multi cap mutual fund schemes:

Assuming an annual return of 12 per cent, you must invest around Rs 1.3 lakh every month to create a corpus of Rs 10 core at the end of 18 years.





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