AAFM Chartered Wealth Manager (CWM) Global Examination GLO_CWM_LVL_1 Question # 145 Topic 15 Discussion

AAFM Chartered Wealth Manager (CWM) Global Examination GLO_CWM_LVL_1 Question # 145 Topic 15 Discussion

GLO_CWM_LVL_1 Exam Topic 15 Question 145 Discussion:
Question #: 145
Topic #: 15

Asit an industrialist wants to buy a car presently costing Rs. 10,00,000/- after 5 years. The cost of the car is expected to increase by 10% pea for the first 3 years and by 6% in the remaining years. Asit wants to start a SIP with monthly contributions in HDFC Top 200 Mutual Fund. You as a CWM expect that the fund would give an average CAGR of 12% in the next 5 years. Please advise Asit the monthly SIP amount starting at the beginning of every month for the next 5 years to fulfill his goal of buying the Car he desires.


A.

1495512


B.

18614.48


C.

20614.48


D.

18311.71


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