MF Query: Want to create a portfolio of Rs 15 cr in next 15 years? Read this
Mutual Funds platform about accumulating Rs 15 crore within 15 years, Mayank Bhatnagar, Co-founder and COO of FinEdge, offers strategic insights and recommendations.
Mayank's analysis suggests that Robin would need to invest Rs 2,70,000 per month to reach his goal, with his current SIP of Rs 20,000 likely to generate a corpus of Rs 1.1 crore.
To bridge the gap, an additional monthly investment of Rs 2,50,000 is required.
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Bhatnagar proposes a more tailored approach, recommending an immediate increase in Robin’s SIP to Rs 95,000 and incorporating an annual step-up of 15-20%, which could significantly amplify the corpus over time.
Furthermore, Bhatnagar emphasizes the importance of a comprehensive financial plan, prudent investing behavior, and effective cash flow management.
He also advises establishing an emergency fund, optimizing insurance coverage, and curbing discretionary expenses.
These measures, coupled with professional guidance, can help Robin navigate market cycles and achieve his ambitious financial goal.
Query from Robin Bhan:
I am 33 years old. I recently moved to India from Canada. I work in marketing and currently make around Rs 20 lakh per annum and live in Noida. I have Rs 15 lakh in my savings account and Rs 7.5 lakh in mutual funds (Kotak Emerging Equity Fund at monthly Rs 20,000 SIP). Apart from that I don’t hold any investments.
Responses from Mayank Bhatnagar, Co-founder and COO,
