Can I get a retirement corpus of Rs 4 Crores after 30 years by investing Rs 10,000 monthly in ELSS. Please suggest the best funds and how many funds I should start?
Good to note that you are planning for your retirement at the right age!
By investing Rs 10,000 per month and assuming the returns to be @12% per annum, you can create a corpus of Rs 3.50 Crores which is Rs 50 Lakhs lesser than your targeted corpus. However, if your can increase your SIP to Rs 11,500 per month then you can easily reach the target corpus of Rs 4 Crores (assuming annual return of 12%
For achieving long term mutual fund investing success, you should go for diversified equity funds. ICICI Prudential Value Discovery Fund, SBI Magnum Multi-cap Fund and Birla Sun Life Equity Funds are few of the good diversified equity funds that you can consider to invest for reaching this goal.
Hope this helps you! Thanks for writing to Advisorkhoj !!
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