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Get all your mutual fund related queries answered by our expert, Vishal Dhawan, founder and chief executive officer, Plan Ahead Wealth Advisors, on our show Mutual Fund Corner.
Q: 29-year-old Prachi Jain writes us from Mumbai. Below are my goals, please suggest funds and SIP amount?
1. Rs 20 lakh in the next 16 years.2. Rs 50 lakh in the next 20 years.3. Rs 1 crore in the next 27 years.
4. Rs 5 crore in the next 30 years.
Also, which one is better between SBI Small Cap and L&T Emerging Business Fund for the long run? Risk parameters are in favour of L&T, however, returns are with SBI. Can you please suggest which one would be best to invest for the next 30 years?
A: Ideally for each of the above objectives and the long term nature of your financial goals, you can look at a combination of a multi-cap fund, index fund, mid-cap fund and international fund in the proportion of 30:30:30:10. L&T Emerging Business Fund may be a good choice to consider, due to its excellent long term track record and prudent risk management model.
1. Rs 20 lakh in the next 16 years: Rs 3,900 per month at 12 percent per annum.2. Rs 50 lakh in the next 20 years: Rs 5,700 per month at 12 percent per annum.3. Rs 1 crore in the next 27 years: Rs 4,920 per month at 12 percent per annum.
4. Rs 5 crore in the next 30 years: Rs 17,200 per month at 12 percent per annum.
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