How can I create a corpus of Rs 15 lakh in five years?
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Motilal Oswal Multicap 35 Fund - Direct (G): Rs 1,500
Aditya Birla Sun Life Frontline Equity Fund - Direct (G): Rs 2,000
ICICI Prudential Bluechip Fund: Rs 1,500
L&T Midcap Fund: Rs 1,500
If I want to create a corpus of 15 lakh in five years, what should I do? Please provide suggestions.
-- Krishanu Banerjee
Pramod Sharma , Partner , Citrine Financial Advisors LLP, responds:
Currently, you are investing Rs 6,500 per month via SIPs. Assuming an annual return of 12 per cent, you have to invest extra Rs 12,000 per month to create a corpus of Rs 15 lakh in five years.
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