To achieve a corpus of 5 lakhs or 25 lakhs with an investment of Rs. 5,000 is possible if one puts that money into equity funds which are large cap or diversified in nature, states A Balasubramaniam, CEO of Birla Sun Life. He recommends his own products of Birla Frontline Equity, Birla Dividend Plus and Sun Life 95 as strong delivering funds.
Below is an edited transcript. Watch the accompanying video for more.
Q: By investing Rs 5,000 a month is it very ambitious to get Rs 5,00,000 in three years?
A: Definitely. I think even on simple computing every month investing Rs 5,000 and assuming a 10% interest he will get on that, it doesn