I want to make a budget of at least 30 lakhs in the next ten years for the marriage of my daughter. What should be my investing strategy?

If you want to accumulate a wealth of around 30 Lakhs for a long term period of 10 Years for your daughter’s marriage, the following should be your investment plan.

Investment in – Mutual Funds

Investment Type – SIP (Systematic Investment Plan)

Monthly Investment Amount – Rs15000

Duration – 10 Years

Expected Rate of Return – 12%

Expected Wealth in Year 2031 – Rs 34,85,000

Funds to be selected according to your Goal – Large Cap, Multi Cap Funds, Diversified Funds