Hello,
I am 31 years old now, and want to have significant corpus by the time I retire at the age of 58.
Last month I started 3 SIPs each of value INR 10K in HDFC Top200, Birla MNC, ICICI Focused Bluechip equity funds, all with ‘Growth’ option. My initial plan is to run these SIPs for 5 years, then hold the folio till I retire. After 5 years, I will either choose to start 3 new SIPs for the next 5 years or resume the old SIPs. I intend to repeat this till I retire.
Is this retirement planning strategy sound or even make sense? Please provide your valuable feedback.