The stock market, mutual funds, and government-backed programs are just a few of the options available to today’s investor. In comparison to government programs and bank FDs, investors in the stock market and mutual funds receive higher returns.
There is a certain amount of risk associated with long-term investments, but those who are prepared to bear it can potentially reap significant rewards.
If you need Rs 10 crore in ten years, mutual funds might be helpful. Professionals in the field generally agree that SIP is a viable option for investing such sums in a systematic manner. Let’s figure out how much you should put into it each month and what kind of corpus you should get so that in ten years you will have 10 crores of dollars in your pocket.
Mint claims that Manish P. Hinger, the founder of Fintu and a CA, advised investors under the age of 30 to participate in equity mutual funds with a moderate level of risk. According to his estimation, a monthly SIP of Rs. An Equity Mid Cap Fund would require 1.4 lakh over a 10-year period, assuming a 12% return. There will be a Rs.3.2 crore deposit as a result.
In addition, assuming a 15% annual return on Rs 1.6 lakh invested in the Equity Small Cap Fund, the account would receive Rs 4.4 crore monthly. You will have approximately 10 crore rupees available to you.
Experts in the field claim that the Quant Focused Fund, the ICICI Prudential Bluechip Fund, the HDFC Index Fund, the S&P BSE Sensex Plan, and the Canara Robeco Bluechip Equity Fund are some of the best big-cap funds available. Among the top-performing mid-cap reserves, Axis Mid Cap Asset and Kotak Arising Value Asset stick out.
