How can I create Rs 2 crore in 15 years?

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

ThinkStock Photos
I am 35 years old and my mutual fund portfolio is given below:

Aditya Birla Frontline Equity Fund: SIP of Rs 6,000
Kotak Select Focus Fund: Rs 1 lakh lumpsum
ICICI Prudential Balanced Fund (G): SIP of Rs 25,000
ICICI Prudential Balanced Fund - Dividend Reinvest: Rs 1 lakh lumpsum
Mirae Asset Emerging Bluechip Fund: SIP of Rs 6,000

Do I need to make any changes to create a corpus of Rs 2 crore in 15 years?

-- Vimesh Nedumghote

Shifali Satsangee, founder, Funds Veéda, responds:


To create a corpus of Rs 2 crore in 15 years, assuming an annualised return of 10 per cent, you have to invest approximately another Rs 9,000 via monthly SIPs. You could add a multicap fund or a midcap fund to your mutual fund portfolio.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

Top Mutual Funds

3 M(%)
6 M(%)
1 YR(%)
3 YRS(%)

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

Save with Tax planning SIP's

More from our Partners

Loading next story
Business News › Mutual Funds › Analysis › How can I create Rs 2 crore in 15 years?
Text Size:AAA
Success
This article has been saved

*

+