How can I build a corpus of Rs 1 crore in 8 years?

I am 34 years of age, currently working in an IT firm. I can invest Rs 40,000 per month. I want to make a corpus of Rs 1 crore in eight years. Please suggest a suitable portfolio.
--Swapnil Paul

Ankita Tanna Narsey, founder, Oaktree Financial Advisors, responds:

With an SIP of Rs 40,000 per month to achieve your goal of Rs 1 crore in eight years is not easy in the current market situation. Considering a CAGR of 18 per cent (with an aggressive portfolio) you would still require a monthly SIP of Rs 80,000. Only option for you is to either increase your SIP amount or extend your timeline of eight years.


Please note an absolute aggressive portfolio would be a high risk portfolio in order to achieve higher returns to meet your goal expectations.