You can generate Rs. 10 Lakhs by simply putting Rs. 5,000 per month in a debt fund for ten years. These are fairly predictable and stable return funds where your money will be at minimal risks. You could end up making Rs. 9 Lakhs or you could end up making Rs. 11 Lakhs based on what interest rates turn out to be in the future.
You can also generate Rs. 10 Lakhs by investing Rs. 3,500 per month in a custom designed mix of ELSS and other Mutual Funds. Returns here are not stable. You could end up with as little as Rs. 7.5 Lakhs, but importantly you could end up with as much as Rs. 18 Lakhs.
You can also generate Rs. 10 Lakhs by investing Rs. 3,500 per month in a custom designed mix of ELSS and other Mutual Funds. Returns here are not stable. You could end up with as little as Rs. 7.5 Lakhs, but importantly you could end up with as much as Rs. 18 Lakhs.
For a ten year horizon, it is better to invest in Equity Funds rather than debt funds. Write to us or call to set up the investment.
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