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Crorepati goals: I and my wife are investing in mutual funds, provident fund, NPS. We aspire to accumulate a corpus of Rs 8.5 cr in the next 8 years. How should we do it?


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  Setting investment goals is essential for giving direction and meaning to the funds we invest in products like stocks, bonds, and funds. Effective personal finance practices, such as creating an emergency fund and controlling expenses,

The article discusses a couple's financial goal of accumulating a corpus of Rs 8.5 crore in the next 8 years through investments in mutual funds, provident funds, and the National Pension System (NPS). They are currently investing Rs 1.2 lakh monthly, with Rs 50,000 in mutual funds, Rs 50,000 in the Public Provident Fund (PPF), and Rs 20,000 in NPS. The couple seeks advice on whether their investment strategy is on track to meet their ambitious target. The article suggests that achieving this goal might be challenging due to the high return expectations and the relatively short investment horizon. It recommends potentially increasing their investment amount, focusing more on equity mutual funds for higher returns, and possibly taking on more risk. Additionally, it advises reviewing their asset allocation, considering inflation, and possibly consulting with a financial advisor to tailor their strategy more effectively.

Read the Full MSN Article at:
[ https://www.msn.com/en-in/money/topstories/crorepati-goals-i-and-my-wife-are-investing-in-mutual-funds-provident-fund-nps-we-aspire-to-accumulate-a-corpus-of-rs-8-5-cr-in-the-next-8-years-how-should-we-do-it/ar-AA1xIKfz ]

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