POSTED BY March 24, 2014 2:38 pm ONE COMMENT
ONIf want to get 50 Lacs after 25 years besides looking 2 daughters education and future needs How much do I need to invest monthly.
Are below figures help me to reach the figure and general planning?
Investment/plan | Rs/- |
PPF account | 2500 |
LIC( term) | 1000 |
ICICIprudential focused bluechip /DICOVERY FUND | 1000 |
UTI opportunities fund | 1000 |
children policy | 1000 |
RD | 1500 |
Medical policy | 1000 |
Could you please advise?
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Dear Surya, out of the things mentioned above, the term plan and health policy prem. is not investment but an expense. Please try to use FV (future value formula) in exl. sheet to calculate how much you need to invest on mly basis at what yly return rate to reach 50L Rs. figure in next 25Y.
Thanks
Ashal