Source: BloombergQuint

BQPortfolio: Can 33-Year-Old Amit Jain Buy A Rs 1-Crore House In Five Years?

BQPortfolio speaks to citizens from across India about their financial goals and helps them access expert advice on how to achieve them.

Even as Indians move towards financial investments, owning a house remains an important goal across generations.

Hyderabad-based Amit Jain is no different. The 33-year-old salaried individual wants to buy a house worth Rs 1 crore in Hyderabad in the next five years.

Jain earns Rs 20 lakh a year and has existing investments worth Rs 5 lakh in equities and mutual funds combined. Will he be able to buy his dream home with his current level of savings or will the wait be longer than five years?

On BloombergQuint’s special show, Portfolio, Amit Trivedi, author and mutual fund expert, helps Jain plan his finances.

Also read: BQPortfolio: Can Pramod Kumar Retire In 10 Years With Rs 1.5 Crore?