Super Retirement Fund: Need a fund of 4 crores on retirement, then make a strategy like this

By
Pravesh Maurya
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0
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Retirement Fund: If you want to create a fund of up to Rs 4 crore on retirement. So you can easily complete this work. By continuing to invest every month in MFS, Provident Fund and NPS, you can comfortably meet your retirement goals.

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Even assuming good returns, you should be able to fulfill your intention of having 4 crores of funds by the age of 60. However, it has to be noted that the amount required for retirement is affected by your level of expenditure.

In fact, currently 40% of your investments go towards mid-cap and small-cap funds. Moreover, Nifty Next 50 is also a more volatile index and has seen decent returns over the years. Hence, increase the amount invested in Nifty 50 Index Fund to Rs 8,000 per month. Reduce the amount and invest Rs 3,000 per month in Nifty Next 50 Index Fund and Rs 4,000 per month in Axis Small Cap.

Maintain investment of Rs 5,000 each in Canara Robeco Bluechip Equity and PGIM India MidCap Opportunities. This will increase the large-cap portfolio allocation to around 52%. To further reduce the risk in the portfolio, replace the Nifty Next 50 Fund with a short duration debt fund. Review your funds and portfolio at least once a year. After this continue your investment.

Do investment planning like this

Let’s say you are 35 years old. Invests Rs 8.5 lakh in Mutual Funds (MFS) of multiple schemes and Systematic Investment Plan (SIPS). Along with this, if you invest in these funds every month, then you can fulfill your intention of 4 crore corpus fund.

  1. CANARA ROBECO BLUECHIP EQUITY FUND, PGIM INDIA MIDCAP OPPORTUNITIES FUND AND AXIS SMALL CAP FUND INVEST Rs 5,000 every month
  2. Invest Rs 2,000 per month in IDFC Nifty 50 Index Fund
  3. Invest Rs 8,000 per month in UTI Nifty Next 50 Index Fund.
  4. Employees Provident Fund (EPF) contribution 10,000 per month.
  5. Has invested Rs 13 lakh in Sovereign Gold Bonds (SGBs) over the last three years
  6. 6,000 per month invested in Tier II (aggressive plan) of National Pension System (NPS), with a portfolio of 10 lakhs.
  7. So 4 crore may be enough for you to target your retirement fund.

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