new Delhi. In today’s time, there are many such schemes by investing in which you can create a huge fund in no time. Investment advisors say that if you are starting with investing, then you should not wait for the timing. When you have money left, start investing from the same time.
Compared to the stock market, mutual fund schemes have given returns of about two and a half times in a year. One can invest in equity oriented mutual fund schemes either in lump sum or through SIP. Apart from this, investors who want to invest and diversify in equity oriented schemes can opt for multicap schemes of mutual funds.
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Know how much you have to invest
You need to invest Rs 22,000 every month to build a corpus of 50 lakhs in 10 years. This calculation is assuming an average CAGR return of 12%. It has been observed that equities give better returns in the long run. You can look at building a portfolio with equity funds in large and mid cap, flexi cap, mid cap and value categories.
Create a fund of 15 lakhs like this in 6 years
To build a corpus of 15 lakhs in 6 years, you need to invest Rs 15000 in monthly SIP (assuming CAGR return of 12%). One can invest in Canara Robeco Emerging Equity Fund, Axis Growth Opportunity Fund, UTI Flexi Cap Fund, Kotak Emerging Equity Fund and IDFC Sterling Value Fund. Investors are also advised to review their portfolio at least once in a year.
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Mahindra Manulife leads in ICRA figures
Data from Icra Online shows that Mahindra Manulife Multicap Badh Yojana has given investors a profit of 54.11% in a year till 28 January 2022. It has given a return of 33.6% in 2 years and 29.1% in 3 years. In terms of ranking, this scheme has been at number two in one, two and three years time.
Tags: business news in hindi, Earn money, Investment and return, Money Making Tips, SIP
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