Will these mutual funds help me to make Rs 2 crore in 25 years?
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HDFC Balanced Fund - Regular (G)
Aditya Birla Sun Life Small Cap Fund (G)
Kotak Standard Multicap Fund (G)
SBI Bluechip Fund - Regular (G)
L&T Emerging Businesses Fund (G)
Are these mutual funds good for the long term? I want to make Rs 2 crore in 25 years.
-- Navneet Singh
Joydeep Sen, Founder, wiseinvestor.in, reponds:
To build a corpus of Rs 2 crore in 25 years, assuming an annual return of 10 per cent, you need to invest Rs 15,000 per month. With annual returns of 15 per cent, you have to invest Rs 6,000 per month to build Rs 2 crore in the same period. Though India is a growing economy and equity is expected to give decent returns, nobody can predict the exact rate of return. As your income grows, you should invest more. The mutual fund schemes you have selected are good.
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