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To achieve a sum of Rs One Crore (KBC Music in the background) over the next 15 years, we take the certain assumption such as 18% of growth rate as approximate that would be required to reach the figure. With a SIP sum of close to ?12,500 with adequate returns.
If the setup is as such! You can become a Crorepati in no time!
This year the, SIP market has been active, as we see New investors and we also saw DSP Midcap Fund had some consolidation during recent correction, schemes are quality schemes like Aditya Birla Tax Relief 96, and DSP Black Rock Mid Cap have a decent track record on a long-term basis. Choosing such or one can also focus on HDFC Small Cap Fund.
However, any such recommendation is made considering your tenure, so if you wish to achieve 1Cr in 5 years or 25 years, the suggestions will inevitably change it is also essential that we focus on your risk appetite and volatility before taking a decision. Hence financial experts like us become vital for financial planning.