Where should I invest to create Rs 10 lakh in 5 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.

Getty Images
I am a 23-year-old Software Engineer, looking to start my investment journey. My first goal is to be able to pay the down payment of around Rs 10 lakhs for a new house which I plan to buy after 5 years. What should be my strategy to invest if I can invest around Rs 10,000-15000 per month?
--- Amitava Mitra

Joydeep Sen, Corporate trainer and author, based out of Mumbai responds:

It is simple and straightforward. The monthly amount should be invested in an SIP for 5 years. Ideally, the horizon for equity is more than 5 years, hence you may follow a ratio of say 70:30 between equity and debt.
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 › Where should I invest to create Rs 10 lakh in 5 years?
Text Size:AAA
Success
This article has been saved

*

+