Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.
11,840.45-73.0
Stock Analysis, IPO, Mutual Funds, Bonds & More

Best mutual funds to build a retirement corpus of Rs 5 crore

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

ET Online|
Updated: Oct 16, 2019, 09.32 AM IST
0Comments
Getty Images
retirement corpus
I am 27 years old. I am currently working in the US. I want to invest in mutual funds. I want to retire at 45.

My goals are:
Retirement corpus: Rs 5 crore
For my child: Rs 5 crore

Which are the best mutual fund schemes? And how much should I invest every month?
--Shankar RameshBabu

Vishal Dhawan, Founder, Plan Ahead Wealth Advisors, responds:

You have an investment horizon of 18 years to accumulate the target corpus for your retirement. Since you have not mentioned the age of your child, I am assuming that both your goals (retirement and corpus for the child) need to be met in 18 years.

You need to to invest Rs 95,000 to Rs 1.05 lakh per month to achieve your goals, assuming an annual return of 9.5% to 10.5%. You need to invest in a mix of both equity and debt assets, with equities being a larger component in the beginning. As you get closer to your goals, you should shift a portion of your assets to debt-oriented assets.

I would ask you to consult with your tax consultant in the US to understand the tax implications while investing in mutual funds in India.
(If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.)

Also Read

Best mutual funds to build retirement corpus

How can I build a larger retirement corpus?

Will investments via SIP in mutual funds help me to build retirement corpus?

Mutual fund schemes to invest in for building retirement corpus for my spouse

Comments
Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.

Other useful Links


Follow us on


Download et app


Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service