Please suggest me one good fund for SIP to maximize my investment, I want to invest Rs. 7000 per month. My age is now 52 years & I can invest up to 10 years. Please guide me?
For long term SIP investments you should go for diversified equity funds. You can choose a diversified equity fund from the list of top performing funds from here –
Top performing SIP funds in diversified equity fund category
For a monthly SIP of Rs. 7,000 for 10 years, you can expect a corpus of Rs. 16.75 Lakhs to 19.50 Lakhs based on assumed rate of return of 12.50% and 15% respectively against your total investment of Rs. 840,000.
You may also try this calculator to know the future value of SIPs https://www.advisorkhoj.com/tools...
Hope the above helps! Thanks !!
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