Kindly also suggest some funds for monthly income of Rs 5,000 to Rs 10,000.
–Pavan Kumar
Assuming an annual return of 12%, you may be able to create a corpus of Rs 12 crore in 46 years. However, by that time the money would have lost so much value because of the impact of inflation. This is just to show that you have unrealistic expectations from your mutual fund investments. You seem to think that investing in mutual funds is like winning a jackpot. It is not. Based on historical data, you can hope to get double-digit returns from equity mutual funds. There may be years when you may get very high returns, but some years there will be losses. However, over a long period of time, you may be able to get inflation-beating returns. However, you need to invest in mutual fund schemes that match your investment objectives regularly to achieve your various goals.
You should seek the help of a mutual fund advisor. Since you don’t understand the basics of investing in mutual funds, you may need to sit with an advisor to understand it and slowly start investing in mutual funds to create wealth over a long period. Online forums will not be able to offer you personal advice. Only an advisor can get all your relevant details and offer personal help.
