MAT
Chap.
EX- 1.3
9
Mr. Verma needs 720, 45, 600. find at the
time of his
retirement. What amount
should be deposit every year, if he
world Hefire after 20 years?
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Answer:
It is one of the most frequently asked question utual Fund’s Facebook page: Is my retirement corpus large enough to take care of my retired life? That is why we thought it would be a great idea to do a primer on how to calculate your retirement corpus and how much you need to invest to build it.
To begin with, starting early and investing regularly in an equity mutual fund would definitely help you to build a decent retirement corpus. However, you need to work with the real numbers to get realistic target and invest the right amount in an equity mutual fund scheme in line with your risk profile to build a retirement corpus that would last your your entire life.
Step-by-step explanation:
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