How to build a corpus of ₹1 cr in 6 yrs on annual income of ₹20L
Mint Mumbai|November 28, 2024
My husband and I earn ₹20 lakh every year and invest ₹40,000 every month through a systematic investment plan (SIP), which I started two months ago.
Harshad Chetanwala
How to build a corpus of ₹1 cr in 6 yrs on annual income of ₹20L

At present, I have ₹3 lakh in direct stocks and some amount invested in gold. We want to accumulate a down payment of ₹1 crore after six years for our home. Will this investment work? We are also planning to step up the monthly investment every year but are unsure how much we need to. Please guide us on the step-up amount and funds in which we can invest.

-Name withheld on request

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