Sanjeev Phukan
KF Ace
My age is 50 years in 2024.. I want to invest in mutual fund to achieve at least 2 crores by 2044. Which funds is supposed to give the maximum returrns??? Pliz give a good expert advice.
Best caps to invest for 20 years.
- Thread starter Sanjeev Phukan
- Start date
luciferocious
KF Mentor
index funds for 20 years are good I think
zacobite
KF Mentor
Sir.. No decision will stand good for 20 yrs.. take 5 yrs at a time.. And keep changing / rebalancing... Any financial planner will tell you that you may not need so much money for self at age 70 ( generally). Do you have your retirement fund sorted.. I would actually recommend NPS minimum amouny in Tier 1 and maximum amount in investing in Tier 2..Automode.. Best instead of trying to manage multiple funds.. You can start a Nifty 50 index fund
Rahul Kumar Chaurasiya
KF Rookie
Dear sir,
You can invest a 20k sip for 20 year or 20lakh lumpsum amount for 20 year.please diversify your portfolio in small,mid and large cap mutual funds.
Skylar
KF Master
What is the initial funding? you want to have 2Cr when you are 70? I’m interested in knowing what you want to do with it. or for whom you want to accumulate that amount for.
Sir please don't get me wrong, with all due respect it is very unlikely we live so long.
To get 2 Crore if you start SIP now you need to invest a decent to big amount and that too continuously for next 20 years. Which means you need to earn continuously to make investment for the next 20 years. Please think if you can really make money till that age.
If you really will be able to make money till 70 years of age then there are few ways that are mentioned above on how much you have to invest and where to invest.
If you think you cannot consistently earn, then you will not be able to achieve the 2 cr amount by 2044.
Plus before going for investment, I would like you to check if you already have a term insurance. If you have one then fine, else go for a term insurance for 2 Cr. It would need you to pay somewhere around 1L per year for cover of 25 years and 2 Cr insurance.
Please understand sir I donot mean to disrespect you in any way, just want to put forth the reality.
To get 2 Crore if you start SIP now you need to invest a decent to big amount and that too continuously for next 20 years. Which means you need to earn continuously to make investment for the next 20 years. Please think if you can really make money till that age.
If you really will be able to make money till 70 years of age then there are few ways that are mentioned above on how much you have to invest and where to invest.
If you think you cannot consistently earn, then you will not be able to achieve the 2 cr amount by 2044.
Plus before going for investment, I would like you to check if you already have a term insurance. If you have one then fine, else go for a term insurance for 2 Cr. It would need you to pay somewhere around 1L per year for cover of 25 years and 2 Cr insurance.
Please understand sir I donot mean to disrespect you in any way, just want to put forth the reality.
Sanjeev Phukan
KF Ace
For my girl child who is only six years old
zacobite
KF Mentor
Super.. start on 2 index funds, ppf and gold funds with 1 international index fund or etf.
Skylar
KF Master
I guess you already know about this,
Sukanya Samriddhi Yojana (SSY)
Sukanya Samriddhi Yojana (SSY) is a special government-backed savings scheme that features a girl child as the primary account holder while the parent/legal guardian is a joint holder of the account. SSY account can be opened before the girl child is 10 years old and contributions need to be made for 15 years after opening the account.The following are some of the key features and benefits of investments made into a Sukanya Samriddhi Yojana account:
- Flexible deposit option with an initial deposit as low as Rs. 250 up to Rs. 1.5 lakh annually.
- A high fixed rate of return is currently 8.2% as of Q4 (January-March) FY 2023-24.
- Tax deduction benefit under section 80C of the IT Act 1961.
- Completely tax-exempt investments as the principal invested, maturity amount and interest earned are all exempt.
- Partial withdrawal option is available for the higher education of girl child.
- Can be availed across India at any PSU bank, India Post Office and at select private sector banks.
- Long term investment as investments can be made for 15 years after opening the SSY account.
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Sarcastic_bubu
KF Ace
Since you are 50 you shouldn't go with maximum returns because small cap funds can give you more returns than index but also it's very very risky.
There is rule called 50-30-20
It means 50% of your money should go on large cap 30%of your money should go on mid cap or flexi cap and the remaining 20% should go on high risky small cap fund .
I should not suggest without knowing about your financial position ...
But my suggestion would be DO NOT GO WITH RETURNS other wise that returrns can makes you poor.
Suggestions
1 do invested in index
2 also you can go with mid cap with an expectation of 13-16 % ROI
theraj0007
KF Expert
YOU NEED TO REBALANCE YOUR PORTFOLIO AFTER EVERY 6-7YRS . YOU CAN GO WITH BLUE CHIP MFs , MULTI CAP MFs AND LEAST IN GOLD /SILVER ETFs.
