My financial goal is to accumulate Rs 25 lakh in the next 10 years. Please suggest a portfolio to invest in to achieve this goal
Yukta Jinta, Ranchi
A monthly investment of Rs 10,800 earning an annualised 12 per cent will accumulate Rs 25 lakh in ten years or Rs 9,000 earning an annualised 15 per cent return will help you achieve your goal. The returns indicated are very much possible to earn through SIPs in mutual funds. You can invest in a diversified portfolio of mutual funds to achieve this goal based on your risk profile and selecting funds from the OLM Elite hand-picked portfolio of mutual funds based on your risk profile. Once you select the funds, invest regularly and review the fund performance at least once a year to ascertain their progress towards your financial goals and rebalance your portfolio based on your asset allocation.
