I am 28 yrs old working professional. I'm currently investing in the following mutual funds for accumulating corpus amount of 1cr in long term:

ICICI Prudential Bluechip-G: 3300

Kotak Flexicap Reg-G: 3300

Aditya Birla SL Medium-Term-G: 4500

Kindly guide if my selection of mutual funds is fine and kindly suggest some more funds to add. I can invest upto 16k per month in SIP.

Ans: Good funds, with 25K SIP a corpus of 40 lacs can be created in 8 years.

Ans: For a corpus of Rs. 30 lakhs in 5 -6 years, the monthly investment required is Rs. 30000 to Rs. 35000. There is no permanent portfolio. We need to review as our hard earned money is invested.

Few funds that can be considered are:

1. UTI flexi cap fund – Growth.    

2. Parag Parikh Flexi cap - Growth

3. Samco Flexi Cap – Growth

4. Axis Esg Equity Fund Regular Growth

5. Hdfc Index Fund - Sensex Plan - Growth

Ans: Hello Meena, Your selected portfolio is well diversified and looks good. If you wish to build corpus of 2 Cr in next 10 years, I would suggest to add-on with your current sip investments to 70 k to achieve your goal or you can add on some funds annually to reach to sip investments of 70 k.

Also, I would recommend to change some of the schemes like BOI AXA & PGIM SMALL CAP to other schemes in same category.

Ans: Your selection covers a range of fund types, which is good for diversification. Here's a brief assessment:

ELSS: Bandhan ELSS is a good tax-saving option, but ensure you're comfortable with the lock-in period.
Flexi-cap: Parag Parikh offers flexibility across market caps, good for long-term growth.
Small-cap: Both Quant and Axis small-cap funds can offer higher returns but come with higher volatility. Make sure you're comfortable with the risk.
Debt Funds: Axis banking and PSU debt fund is a relatively safer option, suitable for diversifying equity-heavy portfolios.
Equity Savings: PGIM India equity savings fund is a balanced fund with equity, debt, and arbitrage components, adding stability.
Corpus Estimation:
Assuming an average annual return of 10%:

Yearly Increment: 5%
Investment Period: 15-20 years
With these assumptions, you can accumulate a significant corpus. For a precise estimation, using a SIP calculator can help, but you're on a good path with these selections for long-term growth. Regularly review and adjust based on performance and market conditions.