If someone is 20 years old and has a portfolio consisting of investment instruments like PPF and fixed deposits, yielding returns of 7% to 8%, alongside mutual funds providing an average return of around 12% over the next 40 years, the individual would need to invest a monthly sum of roughly around Rs 16,000.If a person is 40 years old and earning an average return of 10% on investments, he or she would need to invest Rs 1,31,688 monthly for the next 20 years to build a corpus of Rs 10 crore.
How does inflation affect your savings & investments?
Read More
