How can I create a corpus of Rs 1.5 crore for my daughter's education?
I want to create a corpus of approximately Rs 1.5 crore for my daughter's education and marriage. She is 1.5 years old now. Investment time horizon is 18-20 years. My risk appetite is moderate to high.
-- Namrita Jaisinghani
Since you have a very long investment horizon, you can consider investing in equity schemes. Equity is considered the best asset class to create wealth over a long period because it has the potential to offer superior returns than other asset classes in the long term. Assuming an annual return of 12 per cent on your investment, you need to invest around Rs 15,000 to create a corpus of Rs 1.5 crore in 20 years. We hope you have included inflation while calculating your target corpus.
Here are our recommended equity mutual fund SIP portfolios. Choose a portfolio that is in line with your risk profile and SIP investment.
Read: Best mutual funds to invest in 2018
-- Namrita Jaisinghani
Since you have a very long investment horizon, you can consider investing in equity schemes. Equity is considered the best asset class to create wealth over a long period because it has the potential to offer superior returns than other asset classes in the long term. Assuming an annual return of 12 per cent on your investment, you need to invest around Rs 15,000 to create a corpus of Rs 1.5 crore in 20 years. We hope you have included inflation while calculating your target corpus.
Here are our recommended equity mutual fund SIP portfolios. Choose a portfolio that is in line with your risk profile and SIP investment.
Read: Best mutual funds to invest in 2018