Hello Sreekanth,
I found your blog very educative and creating financial awareness. Many thanks for your efforts.
I would like to get an advice regarding my pension planning. My age is 30 years and I will be receiving around Rs. 1.5lakh next month in the form of Gratuity and EPS. As the amount I received is kind of a pension fund, I would like to invest the same in a way such that the amount would accumulate to 12l-15 lakhs after 15 years. Could you please suggest the possible investment options to meet this planning?
Regards,
Satya
1 Answers
Dear Satya,
To accumulate Rs 15 Lakh in 15 years from now with an investment of Rs 1.5 Lakh, you have to get returns to the tune of 16.5%.
Read:
http://www.relakhs.com/calculate-future-value-investments/
So, to achieve that kind of returns, the best possible way is to invest in Equity oriented products. You may consider investing in Equity mutual funds especially in Diversified Equity and Mid/Small cap funds.
Read:
http://www.relakhs.com/top-15-best-mutual-funds-schemes-2016-sip-lumpsum/
http://www.relakhs.com/list-of-best-investment-options-schemes-in-india/
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