I’m a 49-year-old physician presently doing non-public apply. I’ve an sufficient funding in PPF, FD, and NPS. I want to put money into mutual funds for the subsequent 7 years to generate a corpus of fifty lakhs for my daughter’s marriage by the SIP route. Kindly advise me of mutual funds and the SIP quantity to be invested on a month-to-month foundation to attain this corpus quantity.
-Kumar Nigam
To create a corpus of Rs. 50 lakhs, it’s essential to make investments ₹40,000 per 30 days by SIP over the subsequent 7 years assuming 12% CAGR returns on the funding. It’s noticed that the fairness delivers superior return over an extended time horizon. Therefore, it’s advisable to create a portfolio by SIP funding within the Giant & Mid Cap, Flexi Cap, Mid Cap and Worth class of equities. You may consider dividing the SIP quantity equally amongst Axis Development Alternative Fund, HDFC Giant & Mid Cap Fund, UTI Flexi Cap Fund, Parag Parikh Flexi Cap Fund, Kotak Rising Fairness Fund, Nippon India Development Fund and IDFC Sterling Worth Fund. This manner your portfolio will probably be diversified throughout the class, geography and AMCs. It’s advisable to overview the portfolio atleast as soon as in a yr.
I’m 46 years previous and I not too long ago bought a property for ₹12 lakh. Now, I wish to make investments this cash in a approach to get month-to-month earnings. The place ought to I make investments?
-Ramesh
In our opinion, probably the most suited funding avenues so that you can obtain the common earnings together with capital preservation are RBI floating fee bonds and highest rated company FDs i.e. Bajaj Finance and Mahindra & Mahindra Monetary companies. The rate of interest being supplied on RBI Bonds is 7.15% whereas the very best rated Company FDs for 3–5-years tenure gives rate of interest within the vary of 6.4-6.5%. You may consider equally dividing the corpus between these two avenues.
Sanjiv Bajaj, Joint Chairman and MD, Bajaj Capital. Queries and views at mintmoney@livemint.com
Supply: Live Mint