By CNBC-TV18 Jan 22, 2019 5:47:33 PM IST (Updated)
Get all your mutual fund related queries answered by our expert, Sharad Singh, on our show Mutual Fund Corner.
Want to invest in mutual funds but don’t know how to go about it?
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Get all your mutual fund related queries answered by our expert, Sharad Singh, chief executive officer and founder, Invezta.com, on our show Mutual Fund Corner.
Q: 19-year-old Pranav Kulkarni writes us from Mumbai. Currently, I am investing Rs 1,000 in Mirae Asset Emerging BlueChip Fund, Rs 750 in L&T Mid Cap Fund, Rs 750 in HDFC Small Cap Fund and Rs 500 in ICICI Next 50 Index Fund via SIP. I want to review my portfolio and I like to keep investing for more than 15 years for early retirement.
A: Your asset allocation is fine for long term, but invest more. Say after five years, you start working, and start with a SIP of Rs 25,000, which increases 10 percent every year, you would create a corpus of Rs 1.5 crore after 15 years from now.
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First Published: Jan 22, 2019 5:47 PM IST
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