Hi, I have investing around 12,000 in PPF per year, I have life cover policy of TAT AIG, ALL India Insurance and LIC. Now, i want to invest some whereelse, which option is best? I have no any goal like needed 50lacs, 20 lacs, etc.. Plz suggest is it mutual fund if yes then how much in starting in which are? and is it ELSS,NPS and else?
According to CRISIL rating and Birla Sunlife Frontline equity plan (G) past returns, the returns are 25% p.a. for a 15 year SIP, over 29 times the total SIP term monthly premium, starting from 1000 rs. According to funds like these, which are basically equity 80% and debt 20%, a progressive investment for two 15 year terms, i.e. 30 years, with 4 SIPs, the calculations yeild a mind boggling amount of 27 crores, even after keeping aside a part of return from the first 15 year term, for FD investment, which is almost 10 times the total SIP premiums. My question is, will a progressive 30 year investment with 4 SIPs for 15 15 years yeild such a benifit, provided the funds return that much amount of 25-27 crores? My calculation requires to take a huge part of returns from the first 15 year 4SIPs and break it up for the next 15 years for 4 monthly SIPs, thus investing around 57K p.m. during the second 15 years, whereas only 4K for 4 SIPs were invested during the first 15 years. Is this amount of 27 Crores possible in 30 years?
