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How to create corpus for buying a home after 2 years

We are planning to purchase a house in 2019, costing around 1.5 Crore. Wish to have a corpus of around Rs 50 Lakhs in hand in Dec 2019 with as SIP / STP of around 40-50,000 per month. We are moderate Risk seekers. Kindly suggest best performing funds?

Apr 24, 2017 by Ketan A, Rajkot  |   Financial Planning

You have only 2 years and 8 months in hand for creating the corpus of Rs 50 Lakhs. Since the tenure is 2 years and 8 months only, investing in short term debt funds can be suggested.

Assuming annual return of 10% from short term bond funds, you will be able to create a corpus of only Rs 18.50 Lakhs by investing Rs 50,000 per month through SIPs.

As you can see there is a huge deficit between your desired corpus and the fund value that you can create within this time frame. We think, you need to have alternate strategies to meet this goal.

Thanks for writing to Advisorkhoj.

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