Hey guys, I'm new to investing. So new that I havent got my pancard yet
But I will get 1.5 l from a relative in 2011 and my parents said that they'd gimme 50k if I wanted, So I was planning on creating A portfolio with mutual fund investments. And I plan to spread it out in equity, equity diversified, balanced and index funds.(I've decided to avoid debt as I want it to be long term.. am I doing the right thing by the way?
So is it possible for the 2 lacs to become 1 crore in 15 years? Please don't laugh. Like I said, I'm a rookie
Regards,
Sid
But I will get 1.5 l from a relative in 2011 and my parents said that they'd gimme 50k if I wanted, So I was planning on creating A portfolio with mutual fund investments. And I plan to spread it out in equity, equity diversified, balanced and index funds.(I've decided to avoid debt as I want it to be long term.. am I doing the right thing by the way?
So is it possible for the 2 lacs to become 1 crore in 15 years? Please don't laugh. Like I said, I'm a rookie
Regards,
Sid