POSTED BY April 24, 2011 10:10 pm COMMENTS (6)ON
I am 25 years old and I want to retire with a corpus of Rs 4 crores, I want to start a SIP in a index fund for my retirement, The SIP amount with be 5000 and I want to retire after 30 years. So I have the following questions.
1. Will I be able to reach my goal.
2. What index fund should i invest in, I am planning to invest Rs 4000/- in nifty and the remaining Rs 1000/- in nifty junior.
3. Since the corpus will grow is a good idea to divide the sip amount into half and invest in funds from two fund houses.