Requesting you to please advise how it can be invested for a long time so that I will get the good amount of money (more than a crore) as a return at the time of maturity.
Please note I have SIPs of Rs 25,000 in nine different mutual funds.
–Rishabh chandra Singh
We always ask our readers to choose mutual funds based on their investment objectives and risk tolerance. This doesn’t change whether you are investing a lumpsum or through SIPs. Since you have not shared your risk profile, it’s not possible to offer personal advice. You can follow the same methodology. For example, if your risk profile is conservative, invest in large cap funds. If you have a moderate risk profile, invest in flexi cap funds. If you have a very aggressive profile, you can invest in mid cap, small cap, sector schemes, etc.
Assuming an average return of 12%, your investment of Rs 6 lakh would grow to Rs 18.64 lakh after 10 years. This clearly shows that your expectations are unrealistic. Don’t take unnecessary risk to earn extra returns without fully grasping the risks involved.
