To generate a corpus of Rs 20,00000 after 15 years

Q & A Forum › Category: Investments › To generate a corpus of Rs 20,00000 after 15 years

parag12345 asked 8 years ago

Sir, I want to generate a corpus of Rs 20,00000 after 15 years, to repay my home loan,I have calculated that by doing SIP of RS 4000/month I will be able to repay this amount after 15 years @ 12% ,I just want to know which funds should I OPT to do my SIPs?,Currently I am already investing via SIP in Mirae asset Blue chip fund,Franklin india smaller companies ,Reliance Tax saver,DSP BLK rock Tax saver,Sbi blue chip,IcICI value discovery. My question is how should I divide my Rs 4000 among these funds? or shall I opt for some other fund?.Kindly suggest? Thanks

1 Answers

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Sreekanth Staff answered 8 years ago

Hi, Your portfolio looks fine. You may invest Rs 4k in your existing funds itself. If you would like to track this goal seperately then you can invest in new Folios (while investing select SIP as new investment). Mirae Emerging bluechip, SBI bluechip & ICICI Valuediscovery funds can be considered. Related articles : https://www.relakhs.com/investing-mutual-funds-paying-home-loan/ https://www.relakhs.com/200-day-moving-average-dma-mutual-funds/ https://www.relakhs.com/mutual-fund-portfolio-overlap-comparison-tools/