Stock Analysis, IPO, Mutual Funds, Bonds & More

How much should I invest extra to make a decent retirement corpus?

ET Online|
Last Updated: Dec 12, 2019, 02.32 PM IST

Summary If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

Getty Images
Continue to invest
I am 26 years old. I have a moderately aggressive risk profile. My goal is wealth creation in 25 years. I am investing via SIP in the following mutual funds:
Aditya Birla Sun Life Equity Hybrid '95 Fund: Rs 1,000
Aditya Birla Sun Life Dynamic Bond Fund: Rs 4,500
Aditya Birla Sun Life Frontline Equity Fund: Rs 1,500
DSP Tax Saver Fund: Rs 500
HDFC Mid-Cap Opportunities Fund: Rs 500
HDFC Short Term Debt Fund: Rs 3,000
ICICI Prudential Equity & Debt Fund: Rs 6,000
Mirae Asset Emerging Bluechip Fund: Rs 1,000
Mirae Asset Large Cap Fund: Rs 1,000
SBI Magnum Multicap Fund: Rs 1,000
SBI Small Cap Fund: Rs 1,000

Is the allocation good to achieve my goal? Suggest any changes if required. Also, by how much should I increase my investment every year to create a decent corpus for my retirement?
---Dibyajit Chakraborty

Dilshad Billimoria, Founder, Dilzer Consultants, responds:

The corpus for your retirement would depend on your living expenses.

You have not chosen the best performing schemes. Also, you need to cut down on the number of funds in your portfolio.you do not need more than one or two schemes from each equity mutual fund category like large cap /multi cap/ Index, and mid cap. You can also add a short-term debt fund to your portfolio.

Some of the funds in your portfolio have exposure to NBFCs- DHFL Hazaribagh, etc. Hence, you need to be careful. I would recommend you to hire a financial planner for the personalised advice.
(If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.)
Add Your Comments
Commenting feature is disabled in your country/region.

Other useful Links

Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service