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50-year-old with 15 L in ICICI Bluechip - Can I reach my 2 Cr retirement goal in 7 years?

Nitin Narkhede | Answer |Ask -Follow

MF, PF Expert - Answered on Dec 31, 2024

Nitin Narkhede, founder of the Prosperity Lifestyle Hub, is a certified financial advisor with eight years of experience in helping clients design and implement comprehensive financial life plans.
As a mentor, Nitin has trained over 1,000 individuals, many of whom have seen remarkable financial transformations.
Nitin holds various certifications including the Association Of Mutual Funds in India (AMFI), the Insurance Regulatory and Development Authority and accreditations from several insurance and mutual fund aggregators.
He is a mechanical engineer from the J T Mahajan College, Jalgaon, with 34 years of experience of working with MNCs like Skoda Auto India, Volkswagen India and ThyssenKrupp Electrical Steel India.... more

Question by SATISH on Dec 24, 2024Hindi

Money

I have 15 L in Icici blue chip fund and shifted my SIP of 25 K to Nippon large cap, I also have 5 K SIPs in Hdfc Mid cap opportunities and 5K in Nippon multicap? Is it the right investment for 35 K a month or need a change..I am 50 Yrs age.I am accumulating for 2 Cr corpus in next 7 years. I already have 45 L in my equity and debt funds. I also want to double SIP in next FY to 70 K a month in same ratio in above funds. Retirement goal is 2 Cr. Please advise

Ans: Continue current SIPs but diversify large-cap allocation slightly.
Allocate additional SIPs in FY 2025 to a mix of large-cap and balanced advantage funds.
Annually rebalance portfolio to maintain an equity-debt ratio that aligns with your risk tolerance and time horizon.
This approach ensures you achieve your retirement goal while managing risks effectively.

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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I am 33 years old. I have started investment in mutual fund SIPs from last 3.5 years. Till now I have increased my SIP investment to 16K per month (recently added 4 new mf in my portfolio), portfolio details provided below. So could you please review and let me know whether below investment is good for long term purpose or do I need to do any changes in it? Apart from this I am planning to invest 5K per month in Gold (in the form of SGB) as well. Please advance if you have anyone investment ideas for me, thanks in advance. My Investment categories: Large Cap: 3K/month Large-Mid and Mid Cap: 6.5K/month Small Cap: 6.5K/month MF investment details: SBI Blue Chip Fund - Direct Plan – Growth (cost value: 79K and current value: 1.26L): 1K/month SIP Mirae Asset Emerging Bluechip Fund - Direct Plan - Growth (cost value: 1.5L and current value: 2.06L): 4K/month SIP L&T Emerging Businesses Fund - Direct Plan - Growth (cost value: 1.5L and current value: 2.65L): 2.5K/month SIP Nippon India Small Cap Fund - Direct Plan - Growth (cost value: 20K and current value: 21.4K): 2K/month SIP Axis Bluechip Fund - Direct Plan - Growth (cost value: 37K and current value: 37.6K): 2K/month SIP Quant Small Cap Fund - Direct Plan Growth - Growth (cost value: 6K and current value: 6K): 2K/month SIP PGIM India Midcap Opportunities Fund - Direct Plan - Growth - Growth (cost value: 7.5K and current value: 7.4K): 2.5K/month SIP

Ans: Hello Prashant. The portfolio seems aligned with market. I would advice reconsider your schemes of AXIS Bluechip Fund better alternative peer schemes. The selected portfolio is finely selected for long term horizon.

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Hi I am mriganka.age 32.My monthly SIP amount is 31000. My investment horizon is 20 years. I step up my sip by 10% each financial year. My investments per month are Nippon india focused equity fund-5k Edelweiss mid cap-2k Motilal oswal midcap- 2k Axis small cap-2k Canara robeco small cap-2k Quant small cap-2k Quant midcap -2k ICICI prudential commodities fund-1k Motilal oswal nifty bank index-1k Parag Parikh flexi cap- 1k Tata small cap-1k DSP health care- 1k Tata resource and energy-1k Quant infrastructure - 1k Pgim india midcap opportunities - 3k Quant active fund-1k Kotak small cap-1k Mirae asset emerging bluechip-1k Tata digital fund-1k Please suggest your views...

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Hi Nikunj ji, I have the following SIPs running SBI Contra Fund: 10000 per month SBI Small Cap: 15000 per month Quant Small Cap: 25000 per month Quant Mid Cap: 10000 per month Quant Flexi Cap: 10000 per month Canara Robeco Emerging Equities: 2500 per month Mirae Asset Emerging Blue chip: 2500 per month Parag Parikh Flexi Cap: 10000 per month Axis Small Cap: 5000 per month Axis Blue Chip: 5000 per month Axis Mid Cap: 10000 per month Total investment: 105000 per month I already have about 14 lac accumulated in these schemes. My investment horizon is another 7 yrs. Please suggest whether I am going with the right schemes or do i need to execute some correction or addition. Also please suggest that with a conservative idea, how much wealth creation can I expect by this monthly investment of about 1 lac. I have another 10-15k buffer which I can invest on a monthly basis of you suggest any other good scheme.

Ans: Hello Rajneesh. Your portfolio seems to be over-diversified, which may have a negative effect in the long run. . It would be better to reconcise and reshuffle your portfolio. Based on the analysis of your portfolio, I recommend setting your schemes in accordance with your goals. The number of schemes recommended per category is limited to two if there are few categories. Furthermore, with 1.05 Lakh monthly sip, you may achieve a corpus of 1.39 Crores in 10 years with 12% CAGR.

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Your portfolio is well-allocated across flexicap, large & midcap, small cap, BAF and gold, offering a balanced mix of growth, stability and diversification.

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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