I am 43 years old. I am a govt employee but do not have much bank balance. I want to create a wealth of 1 Cr in 17 years as a part of retirement benefit.

At present I am investing in these SIP's @ total Rs 9100/month.

1.AXIS ESG-EQUITY FUND-G(Rs 1000/Month)
2.AXIS BLUE CHIP FUND-G (Rs 500/Month)
3.AXIS MID CAP FUND-G (Rs 500/Month)
4.KOTAK SMALL CAP FUND-G(Rs 1000/Month)
5.UTI FLEXI CAP FUND-G(Rs 500/Month)
6.PGIM INDIA FLEXI CAP FUND-DIRECT-GROWTH(Rs 600/Month)
7.PRINCIPAL FOCUSSED MULTI CAP FUND-G (Rs 500/Month)
8.Invesco India Infrastructure FUND-G (Rs 500/Month)
9.DSP QUANT FUND-G(Rs 500/Month)
10.IDFC Sterling Value Fund-Growth-G(Rs 500/Month)
11.Mirae Asset Emerging Blue Chip Fund-G(Rs 1000/Month)
12.PARAG PARIKH FLEXI CAP FUND-G((Rs 1000/Month)
13.UTI SMALL CAP FUND-G(Rs 500/Month)
14.AXIS SMALL CAP FUND-G (Rs 500/Month)
Please tell me whether the funds I chose are the right ones to provide wealth in long term. Are they good enough to be continued.

Ans: There are too many funds. Also, Rs 5,600 in 17 years may create 50 per cent of your target corpus.

Ans: Please continue with 1, 3, 4, 5, 6, 7 and the lumpsum investment.

Ans: The funds chosen are good and have the potential to provide decent returns in the long run.

 

Ans: Your choice of funds demonstrates a balanced approach with exposure to different categories like large-cap, flexi-cap, and ELSS. Here are some points to consider:

Diversification: You have a good mix of funds across different categories, which can help in reducing the overall risk.

Fund Performance: Regularly monitor the performance of each fund against its benchmark and peers. Ensure that they are meeting your return expectations.

Costs: Check the expense ratios of the funds. Lower expense ratios can have a positive impact on long-term returns.

Review and Rebalance: Periodically review your portfolio to ensure it aligns with your financial goals. Rebalance if necessary, especially if any fund is consistently underperforming or if there's significant overlap.

Lumpsum Investments: For the lumpsum investment in BOI AXA tax advantage fund, monitor its performance relative to the ELSS category and consider its tax-saving benefits.

Overall, your fund selection seems reasonable for long-term wealth creation. However, regular reviews and staying updated with the market and fund performance are key to ensuring you're on track to meet your goals. Consulting a financial advisor for a personalized review can also be beneficial.