I m 27 having 7 sips bsl frontline,hdfc bal,uti opp,sbi ebf,icici discov,mirae emer bluechip,franklin smaller com each 1000 rs...thinking of franklin prima plus to add , and ppf of 2500/month...pf 1000/mnth...fd of 5 Lakh...my aim is to create 40-50 Lakh in next 20 Yrs..30 Lakh in 25 Yrs..3 Crore at the age of 60..have few FDs and RDs xtra of family members...whether i m on right track?
1 Answers
Hi,
Investing in multiple funds from the same fund category may not be really beneficial.
Read:
Any specific investment objectives for FD of Rs 5 Lakh?
Kindly use the calculators available in the below articles to know how much savings you have to make to reach your goal corpuses;
- Retirement planning goal calculator.
- Calculate Future Value of your investments.
- Kid's education goal calculator (You can use this calculator for any type of accumulation goals)
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