Assuming an annual return of around 12%, you need to invest around Rs 64,560 every month to achieve Rs 1.5 crore in 10 years. If the monthly investment is too much for you, you can postpone your goal. Start with whatever you have and add more money every year when you get your annual salary hikes. You can also try to cut down your wasteful expenses to increase your savings and investments.
We usually tell moderate investors with a long investment horizon to invest mostly in flexi cap funds. If they want to reduce risk, they can also invest in large cap funds.
You should ideally transfer your corpus to a safer avenue at least two years before your goal. This is to ensure that sudden volatility in the stock market doesn’t upset your plans. You can also move it to a safer avenue once you reach your target.
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