1 min read.Updated: 05 Nov 2021, 10:49 AM ISTLivemint
If you have a higher risk appetite, then consider investing in ELSS funds instead of PPF to bolster your retirement security
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NEW DELHI : I am 40 years old and I have a net monthly salary of ₹1 lakh. I want to invest in mutual funds to accumulate ₹60 lakh in 15 years for my child’s higher education and ₹1 crore in 20 years for creating my retirement corpus. I have already been investing in PPF for the last five years apart from my monthly contribution to EPF to save tax under section 80C as well as to create my retirement corpus. Please suggest mutual fund schemes and required monthly investment to achieve those goals.