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Nikunj Saraf  | Answer  |Ask -

Mutual Funds Expert - Answered on Oct 28, 2022

Nikunj Saraf has more than five years of experience in financial markets and offers advice about mutual funds. He is vice president at Choice Wealth, a financial institution that offers broking, insurance, loans and government advisory services. Saraf, who is a member of the Institute Of Chartered Accountants of India, has a strong base in financial markets and wealth management.... more
Sandeep Question by Sandeep on Oct 28, 2022Hindi
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I am 36 years and working in the Private Sector. I am planning to achieve a corpus of 5 CR in the next 15 years.

Have been investing in the below mutual funds for the past 3 years.Would like to get your suggestion/advice:

  • If the categories (diversification -small/Medium/Large/Flexi) invested in are good enough? Or additional categories would be required for a balanced portfolio.
  • Amount invested would suffice to achieve the goal or additional step-ups required?
  • Have an additional amount of 5 Lakh. In which category/mutual fund can this be invested?

Thanks for your suggestion in advance!

Quant Tax Plan - Direct Growth (ELSS) -- 3000

Kotak Flexicap Fund - Direct Growth -- 1500

Mirae Asset Emerging Bluechip Fund - Direct Growth -- 2500

Mirae Asset Hybrid Equity Fund - Direct Growth -- 4000

Quant small cap Fund -Direct Plan - Growth -- 5000

ICICI Prudential Bluechip Fund Direct- Growth – 5000

Ans: Hi Sandeep. Your portfolio report is in good shape. From your current 21k sips per month, I would suggest increasing it to 70k sips per month to achieve the corpus of 5 Cr in 15 years.

A better peer group scheme should be considered instead of the Kotak AMC scheme. Moreover, reshuffle your portfolio and add SIPs to existing schemes. For lump sum 5 Lakh, you may prefer Flexi cap portfolio.

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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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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