I want to have savings of 10-15 lakhs in next 4 years. Could you please advise how much I should invest in mutual fund every month to achieve this figure and in which cap I should invest. Thank you. Awaiting for a response?
Before you invest in mutual funds you should know your risk profile and accordingly choose an appropriate category of fund for you investments.
However, since your investment horizon is only 4 years, we suggest you to invest in balanced funds. We have assumed you are a moderate risk taker.
To create a corpus of Rs 15 Lakhs in 4 years, you need to save Rs 23,000 per month through SIPs assuming annual returns of 12.50% from balanced funds.
To check which are the top performing balanced fund SIPs, do check here https://www.advisorkhoj.com/mutual-funds...
Hope the above helps you. Thanks for writing to Advisorkhoj.
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