{"id":1491,"date":"2024-04-23T11:06:33","date_gmt":"2024-04-23T11:06:33","guid":{"rendered":"https:\/\/jamawealth.com\/askguru\/?p=1491"},"modified":"2026-03-20T18:35:49","modified_gmt":"2026-03-20T18:35:49","slug":"i-am-29-years-old-and-i-want-to-invest-5000-inr-every-month-in-sip-as-a-retirement-plan-what-is-the-best-plan","status":"publish","type":"post","link":"https:\/\/maxiomwealth.com\/askguru\/2024\/04\/23\/i-am-29-years-old-and-i-want-to-invest-5000-inr-every-month-in-sip-as-a-retirement-plan-what-is-the-best-plan\/","title":{"rendered":"I am 29 years old and I want to invest 5000 INR every month in SIP as a retirement plan. What is the best plan?"},"content":{"rendered":"

Good move! Rs 5k per month in a set of equity funds will get you best results. You can also invest in ELSS<\/a> funds for tax benefit under Section 80C. There are good funds like Quantum Long Term Fund, Birla Frontline etc (latest list can be seen in many apps or websites. Over a working career of say 30 years, 5k per month can get you 1.03 crore if you invest tin Direct Plan Mutual Funds. If you go through brokers or banks you may end up with Rs 82 lakhs only due to compounding commissions.<\/p>\n

\"\"<\/figure>\n

For your retirement plan, also make sure you identify your goal by understanding your expenses. A good thumb rule si 25x your annual expenses.<\/p>\n

<\/p>\n

\n

Maxiom Wealth \u2014 Free Tool<\/p>\n

Maximise Your \u20b91.5 Lakh 80C Tax Saving<\/h3>\n

ELSS is the only 80C option that also builds long-term wealth \u2014 with the shortest lock-in (3 years) and equity-level returns. See your tax saving and projected corpus with our ELSS calculator.<\/p>\n

Try our Retirement Planning Calculator →<\/a><\/strong><\/p>\n

Plan your SIP with our Calculator →<\/a><\/strong><\/p>\n

Calculate ELSS Returns \u2192<\/a>
\n Talk to a Financial Advisor<\/a>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Good move! Rs 5k per month in a set of equity funds will get you best results. You can also invest in ELSS funds for tax benefit under Section 80C. There are good funds like Quantum Long Term Fund, Birla Frontline etc (latest list can be seen in many apps or websites. Over a working… Read More »I am 29 years old and I want to invest 5000 INR every month in SIP as a retirement plan. What is the best plan?<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38,78],"tags":[],"class_list":["post-1491","post","type-post","status-publish","format-standard","hentry","category-mutual-funds","category-sip"],"_links":{"self":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/1491","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/comments?post=1491"}],"version-history":[{"count":3,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/1491\/revisions"}],"predecessor-version":[{"id":4309,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/1491\/revisions\/4309"}],"wp:attachment":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/media?parent=1491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/categories?post=1491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/tags?post=1491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}