How you can create a ₹10 crore corpus in just 10 years

I am 58 years old. In addition to my debt investments, I would like to have a corpus of 10 crore in the next 10 years.

I have 5 lakh invested in Parag Parikh Flexi Cap Fund, 5 lakh in Axis Bluechip Fund and 2 lakh in UTI Nifty Index Fund. i can save 1 lakh per month and also shift 20 lakh invested in equity debt funds.

— Name withheld on request

Making a corpus of 10 crore in 10 years, you will have to invest 4.05 lakh every month for the next 10 years, if the return of your stock portfolio is assumed to be 12% per annum

Assuming an annual return of 10%, you should invest 4.58 lakh per month. The monthly investment also includes the growth of the current corpus of 32 lakh at the same rate.

Alternatively, you can start investing 1.8 lakh every month and increase the systematic investment plan (SIP) amount by 20% every year to reach your target assuming an annual return of 12%.

Although the information about the monthly investable surplus is not available, if I assume that your monthly investable surplus 50,000, you can create a corpus of 2.1 million dollars.

For a monthly investment of 1 lakh, could reach your corpus 3.2 crore, and for a monthly investment of 2 lakh, you will be able to accumulate 5.43 crore at the end of 10 years. This can help you get an idea of ​​how much you can accrue depending on your monthly surplus.

When it comes to building the portfolio, it is better to spread the investments over six to eight funds.

In addition to the existing funds, you may want to consider funds such as Canara Robeco Emerging Equities Fund, Sundaram Large & Mid Cap Fund, SBI or IIFL Focused Equity Fund, and Kotak Emerging Equity Fund. You can limit the allocation to Kotak Emerging Equity Fund to 10% as this is a mid-cap fund and carries additional risk.

Harshad Chetanwala is co-founder of MyWealthGrowth.com.

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