Which is the best SIP to invest for the long term

My age is 33 and I have 2 years kid. I'm investing 2500 each in ICICI Pru Value Discovery fund (G) and Multicap Fund (G) from one year. After 20 years I need 1 crore in my hand. So, please tell me how to invest and how much monthly has to invest?

Aug 26, 2017 by Ajay, Hyderabad  |   Mutual Fund

You are investing Rs 5,000 through monthly SIPs in two good funds. With this investment you can accumulate a corpus of Rs 50 Lakhs after 20 years.

But as your target is to reach Rs 1 Crore after 20 years, you need to start another monthly SIP of Rs 5,000 immediately. You can start SIPs in diversified equity funds as they are the most suited for the long term investment needs.

Some of the top performing diversified equity funds are - Birla Sun Life Advantage Fund, SBI Magnum Multi-Cap Fund, DSP BlackRock Opportunities Fund and Mirae Asset India Opportunities Fund.

Hope the above helps ! Thanks for writing to Advisorkhoj !!

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