In order to accumulate a corpus of Rs 5 crore in 15 years, experts advise you to invest in Equity Based Mutual Funds, under which you will also have to take a step of 15% every year i.e. every year you have to increase your investment by 15% Will happen.
If you have not been able to save or make any investments in your early career due to family responsibilities, then there is nothing to worry about. In fact, till the age of 45, a responsible person is not able to invest because of meeting the needs of the family. When he is relieved of all his responsibilities and is getting salary in 6 digits, then his worries start regarding post retirement. How will he maintain himself and his life after retirement?
The question is reasonable, but the answer is not as difficult as common people think. If you have settled your family, children and home loan installments at the age of 45 and are getting salary in 6 digits, then in the next 15 years, you can accumulate a retirement fund of Rs 5 crore for yourself. For that you have to go towards mutual funds. Experts say that you can get huge returns only with long term investment. For which you will not only have to invest some part of your earnings every month, but you will also have to increase the part of your investment every year.
If equity based mutual fund
experts are to be believed, accumulating a corpus of Rs 5 crore in 15 years is not a difficult task. After fulfilling the responsibilities, if you invest Rs 44 thousand every month and you increase the step of 15 percent every year i.e. 15 percent, then according to the rate of interest of 12 to 15 percent, you will reach your goal. can. Talking to Mint, Pankaj Mathpal, MD and CEO, Optima Money Manager, says that investors need to keep in mind not only inflation, but also keep in mind that you do not fall behind your target to make long-term investments. Go. For this, investors should look towards Equity Based Mutual Funds.
Not 10 but 15 percent step-up is necessary,
although investment experts recommend a step up of 10 percent every year in SIP investment, that is, to increase the SIP by 10 every year, but if you have to deposit a fund of Rs 5 crore in 15 years So you have to choose step up of 15%. Talking to Mint, Karthik Jhaveri, Director, Transcend Capital, says that at the age of 45, earning 6 digits every year, you should do away with the worries of increasing investments every year, that too when you have fulfilled all your responsibilities. In such a situation, the investor should go towards 15 percent step up. So that they can fulfill their financial goals after retirement.
What is the full calculation
if assume that an investor of 45 years is starting a monthly SIP of Rs 44000 thousand every month. Also, increasing its monthly SIP by 15 percent every year and annual return is around 12 percent, then the investor’s fund after 15 years will be Rs 5,00,39,132. At the same time, if you get an annual interest of 14 percent in these 15 years, then your fund is likely to be Rs 5.69 lakh.
