Invest in mutual funds and build a corpus of 30 lakhs in 6 years - YP Buzz

 YP Buzz - 

                 Building a corpus of ₹ 30 lakh in six years with a monthly SIP contribution of ₹ 20,000 will require your investment to register an annual return of 23%. While stocks have made stellar returns over the past year, the expectation that such strong market conditions will continue for years will be very promising. Therefore, I would recommend that you take a 12% profit per annum, which will produce a copy of ₹ 21 lakh in six years. 

                                      
Mutual fund

You can distribute your monthly contribution equally between the specific plans of any of these major funds such as the Tata Index Sensex Fund or the HDFC Index Sensex Fund, and the flexi-cap or major and major funds, and the Parag Parikh Flexi Cap Fund or Mirae Asset Emerging Bluechip Fund, through SIPs.


You can increase your monthly SIP contributions to these investments, as also when the future increases in your salary it leaves you with more money to invest each month. 


Also try to consolidate your stocks by investing in bulk investments in a more flexible manner during further adjustments in the market or in bearish market segments as quality funds are available at attractive rates in those market conditions. These steps can help you create a larger corpus within your stated investment limit.


Thanks & Regards

 YP Buzz

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