Quick Answer: Can I Invest 10 Lakhs In Mutual Funds?

Which SIP is best for 5 years?

Best SIP plans for 5 year investmentFund Name3-Year SIP Returns (%)5-Year SIP Returns (%)Kotak Emerging Equities Fund (Regular)6.54%9.73%INVESCO India Financial Services Fund (Regular)14.61%16.03%SBI Focused Equity Fund (Regular)12.40%12.94%Franklin Build India Fund (Regular)4.66%8.07%8 more rows•Jan 23, 2020.

Which SIP is best for 20 years?

Best SIP Plans to invest in for 20 yearsHDFC growth and prudence fund. … Mirae Asset Bluechip Fund. … Franklin India Feeder. … SBI Small Cap Fund. … Motilal Oswal Equity Fund (long term) … HDFC Hybrid Equity Fund. … Aditya Birla Sun Life Fund. … ICICI Prudential fund.More items…•

Which SIP is best for 30 years?

Read more news onCanara Robeco Bluechip Equity Fund Regular Growth.Nippon India Large CAP Fund Growth.Hdfc TOP 100 Fund Growth.Icici Prudential Bluechip Fund Growth.Axis Bluechip Fund Growth.Mirae Asset Largecap Fund.Mutual Fund News.mutual funds.More items…•

How much amount we can invest in mutual funds?

Conclusion. It is crucial to implement 50:30:20 rule in your financial plan. One should invest at least 20% of their salary in mutual funds and can later increase whenever possible.

Can I invest 10000 in mutual funds?

By investing Rs 10,000 per month, an investor can look to accumulate over Rs. 49 Lakhs in ten years. This growth is more than four times the total investments made in a decade. P.S – With 100% equity, the risk increases and the returns also increase accordingly.

Is it safe to invest money in mutual funds?

In a nutshell, mutual funds are safe. Investors should not be worried about short-term fluctuations in the returns while investing in them. You should choose the right mutual fund, which is sync with your investment goal and invest with a long-term horizon.

Where can I invest in 5 lakhs?

5 Best Options For Those Looking To Invest Upto Rs 5 LakhsShares of Coal India. This is a suggestion that may come as a little bit of a surprise. … Fixed Deposits of Mahindra and Mahindra. The fixed deposits of Mahindra and Mahindra offer a good interest rate. … IDFC First Bank. … Bajaj Finserv Fixed Deposits. … Shriram Transport Finance.

How can I make 50 lakhs in 5 years?

How Can You make Rs. 50 lakh in 5 years?1.HDFC Small Cap Fund.2.L&T Emerging Businesses Fund.Parag Parikh Long Term Equity Fund.Mirae Asset India Equity Fund.The Moderate Investor.1.Invesco India Contra Fund.Axis Focused 25 Fund.3.Principal Focused Multicap Growth Fund.More items…•

How can I invest 10 lakhs?

10 things to do with 10 lakhsEmergency funds. Life is dynamic. … Short-term funds. These funds primarily invest in debt funds and have a maturity period of 1-3 years. … ELSS funds. ELSS funds are Equity Linked Savings Scheme. … High growth funds. … Its all about gold. … Mediclaim. … Term Insurance policy. … 10.Retirement planning.

How can I become Crorepati in 5 years?

wise tips while you are planning to save income tax.Invest in PPF. … Invest in ELSS Tax Saving Mutual funds. … Invest in NPS which can give additional Rs 50K income tax benefit. … Add your contribution to Voluntary Provident Fund which gives you tax benefit + PF interest of approx 8.5%.More items…

How much do I need to invest to get 10000 a month?

It seems you are talking about investing in a balanced fund and withdraw a fixed amount through SWP, right? If it is so, then to withdraw Rs 10,000 you should invest at least Rs 13.50 Lakhs (assuming withdrawal rate @9% annual).

Can sip make you rich?

The power of compounding manifests in SIP when individuals reinvest their earnings and earn further interests on them in due course. It is one of such features of SIP that helps an investor with a limited sum of money to generate wealth over time.