How much to invest in SIP? Chaphung Wangsu, 06 Nov 2013

I am 40 years old. I want to invest in SIP for 12 years, so as to get a corpus of Rs. 3 crores. Therefore, please suggest me couple of mutual funds and more importantly, how much amount I have to invest monthly to achieve that ?

Fintotal Answer

Hi Chaphung, you need to invest about Rs 50,000 through monthly SIP in one of the best performing equity diversified mutual funds. Choose one from our recommended list. You need to keep on increasing the SIP amount as and when you get some bonus or incremental salary. 

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