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How to build a corpus of 6 Crores through mutual funds

My name is Dr Nandish, I am a doctor by profession and I want to build a corpus of 5-6 crore over a period of 10-15 years. I can invest 40-50k per month. Please suggest the strategy and mutual fund schemes with moderate and balanced risk. I'm also interested in ELSS scheme, kindly guide me which one should I go with as far as ELSS is concerned?

Jan 1, 2019 by Nandish Gowda,   |   Mutual Fund

It is hard to build a corpus of Rs 5-6 Crores over a period of 10-15 years by just investing Rs 40-50,000 a month. For example – if you invest Rs 50,000 through monthly SIPs for a period of 15 years, you can accumulate only Rs 2.52 Crores (this is based on 12% annualized returns from equity or hybrid aggressive funds). Please check this tool https://www.advisorkhoj.com/tools-and-calculators...

Therefore, you need to increase your monthly SIP investments substantially, almost double, in order to achieve the above goal.

For moderate risk takers, investing in large cap funds or hybrid aggressive funds could be a good choice. Please see top funds in this category from the links below –

Consistent performing large cap funds

Consistent performing hybrid aggressive funds

With regards to ELSS funds, you can invest in funds like, Mirae Asset Tax Saver Fund, Aditya Birla Sun Life Tax Relief 96 Fund and Axis Long Term Equity fund.

Hope our reply is helpful to you.

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