Why is it important to switch from equity mutual funds a few years before your goal?

Your investment calculations might land you in trouble. Consider this: Suppose you have 20 years to send your daughter abroad for higher studies. How much should you invest every month to create a corpus of Rs 2 crore? Assuming an annual return of 12 per cent returns, most investors would say they need to invest Rs 20,217 per month. This calculation can indeed derail your plans. Why? Well, you are assuming that you are going to invest and stay invested in equity mutual funds until the eve of you .. 

 Click here to read more>>