How much should I invest to make Rs 1 crore in 30 years?

I want to get Rs 1 crore after 30 years. How much should I invest per month to achieve that goal?
--Pinak Bose

Subhash Chawan, Financial Planner, Moat Wealth Advisors, responds:

Since your investment horizon is 30 years, I would recommend equity mutual fund schemes like Kotak Select Focus Fund or Birla Frontline Equity Fund. Assuming an expected return of 12 per cent compounded, you will have to invest Rs 2,850 per month to achieve your financial goal of Rs 1 Crore.


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