Axis Bluechip Fund (Direct Plan, Growth): Rs 6,000/month
Axis Mid Cap Fund (Direct Plan, Growth): Rs 3,000/month
Canara Robeco Emerging Equities Fund (Direct Plan, Growth): Rs 3,000/month
HDFC Small Cap Fund (Direct Plan, Growth): Rs 3,000/month
Mirae Asset Emerging Bluechip Fund (Direct Plan, Growth): Rs 6,000/month
Please review my portfolio and tell me if I need to make any changes to my allocation. My targets are children's (son and daughter) education, home buying (Rs 2 crore). I am 37 years old.
- Amitava Chakraborty
One, it is always better to quantify (or a target corpus for) your goals and an investment plan to achieve them. For example, the fee for higher education is Rs 10 lakh today. The same course would cost around Rs 31.72 lakh after 15 years when you account for an inflation rate of 8%. The same rule applies to all your long-term financial goals. So, please work with real numbers to put together a realistic target to achieve your goals.
Two, you are currently investing Rs 21,000 per month. Assuming an annual return of 12%, you would be able to create a corpus of around Rs 1.06 crore after 15 years.
You have not shared your risk profile. So, it is not possible to comment about the suitability of the schemes to you. However, here are some pointers that might help you.
If you are a conservative investor, you should invest mostly in large cap mutual fund schemes. If you have a moderate risk profile, you should choose mostly multi cap mutual fund schemes.
Best large cap mutual funds to invest in 2020
Best multi cap mutual funds to invest in 2020
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1 Comment on this Story
Satya Ranjan347 days ago
Well diversified portfolio, no need to change anything, keep continuing. At present you have one Largecap, two large & midcap, one midcap and one smallcap. If you like to change one scheme, that would be your canara robeco emerging equity , in place of you can go with canara robeco diversified equity multicap fund. Because you have two large & mid cap fund. Other than your portfolio is OK. To reach 2 crore after 15 years, you need Rs 40k for your sip investment, so try to increase your sip investment every year as possible.