Can I create ₹5 crore retirement corpus by investing ₹30,000 per month?
I am a 33 years old government employee. I want to create an amount of ₹5 crore or higher, when I turn 60.
I have invested in mutual funds for my retirement. I am a 33 years old government employee. I want to create an amount of ₹5 crore or higher, when I turn 60 (my retirement age). I am investing in a few equity mutual funds for the purpose. My current portfolio includes Canara Robeco Emerging Equities Fund, ABSL Frontline Equity Fund and SBI Bluechip Fund. I am investing ₹10,000 each in these equity mutual fund schemes on a monthly basis. Can I achieve my target of creating a corpus of ₹5 crore by the time I retire after 27 years? Should I add more equity mutual funds to my investment portfolio? As far as I understand, my risk profile is moderately aggressive. Which equity mutual fund schemes should I add to my current portfolio? Should I remover any of the above mentioned schemes from my portfolio?