Want to accumulate 50 lacs in 15 years. Currently investing 5k in PPF. Rs.1, 000 each in SBI Bluechip, HDFC Midcap Opportunity and HDFC Balanced Fund thru sip. Risk appetite is moderate.
Sandy-Whether this Rs.50 lakh is in current terms or the future value? Also, let me according to you what do you mean by MODERATE?
Sir it is future value n moderate means I don’t want to take too much risk
If we consider time frame 15 years, future value as Rs.50,00,000 and return on investment 12%, then you must invest monthly Rs.10,000 to achieve this goal. However, your major portion is towards PPF (Rs.5,000). Instead, I suggest you to invest only around Rs.2,000 in PPF and rest Rs.8,000 in three selected funds. Manage the overall debt ratio at around 30% to equity of 70%. You must consider the debt portion available in balanced fund to arrive at this ratio.
Thanx a lot for ur suggestion. But wat about funds n m planning to start another sip in diversity fund.so also suggest a fund
No moe new funds. You can continue from your existing funds.