I am 41 & my monthly SIP are as below - I have no loans & asset investment are all completed. To have a final value of 7 cr in 14 years will below be enough? with a XIRR of MIN. 12 % Axis growth Opp - 20,000/- Canara Robeco Equity Hybrid - 20,000/- Kotak Small Cap - 20,000/- PGIM India Midcap Opp - 20,000/- SBI focused equity fund - 20,000/- SBI Contra fund - 15,000/- Quant Small Cap - 15,000/- Nippon India Multi Cap - 15,000/- Kotak emerging Equity - 15,000/-

Ans: First, of all it is good to know that capital intensive goals like fixed assets and loans are completed. You have planned your finances well. My responses are below:
• The Funds listed by you have performed reasonably well
• Currently, most of your portfolio is Equity oriented and are high risk. This is ok, but it is good to have some money on debt options. This has not been provided by you, so cannot comment.
• An assumption of 12% annualized returns over a period of 14 Years looks a little overstretched if one considers having a good mix of Equity, Debt and Gold in the portfolio. Your current SIP’s fall a little short of achieving INR 7 crore over 14 Years with 12% annualized returns. You could increase this on a yearly basis as your income goes up and you should be fine. Over the years, you can also increase the mix of Debt and Gold.
• Another question one needs to ask is whether the Corpus of INR 7 crore is enough assuming that one is planning for retirement. Our retirement models show that this kind of Corpus might be sufficient to cover monthly expenses of approximately INR 1.5-1.6 lacs in today’s scenario. The standard of living varies from person to person, so you can assess based on these inputs.