I am 50 years and investing 10 K in Nippon Large cap, 15 K in ICICI Blue chip ,5 K in Nippon Multicap and 5 K in HDFC midcap Fund. I am investing since last 10 years. Will I be able to gather 1 Cr corpus when I am 58? Is my investment Ok or shall I switch to some others. I have also 5 L invested in Axis blue chip, stopped SIP two years back ,shall I redeem and invest in some other fund? I have parked 5 L in Nippon liquid fund 3 years back should I continue that or withdraw and do an FD ?

Ans: Evaluating Retirement Corpus and Investment Strategy
At 50, it's crucial to assess your investment portfolio and retirement goals to ensure you're on track to achieve financial security. Let's analyze your current investments and address your concerns.

Retirement Corpus Assessment
Target Goal
Aiming for a ?1 crore corpus by age 58 is an ambitious yet achievable goal with proper planning and strategic investments.

Investment Duration
Investing for 10 years provides a reasonable timeframe to accumulate wealth, but the rate of return and consistency of contributions are key determinants.

Portfolio Analysis
Fund Allocation
Your allocation across large-cap, blue-chip, multi-cap, and mid-cap funds reflects a diversified approach to equity investments, which is commendable for managing risk.

Performance Review
Regularly review the performance of your funds to ensure they align with your investment objectives and consistently outperform their benchmarks.

Decision Making
Switching Funds
Evaluate the performance of your current funds against peer benchmarks and consider switching to better-performing options if necessary.

Axis Blue Chip Fund
Assess the performance of the Axis Blue Chip Fund and consider redeeming or reallocating the investment based on its performance compared to other available options.

Liquid Fund vs. Fixed Deposit
Nippon Liquid Fund
Review the performance and stability of the Nippon Liquid Fund and compare it with the returns offered by fixed deposits to make an informed decision.

Liquidity Needs
Consider your liquidity needs, risk tolerance, and investment horizon before deciding whether to continue with the liquid fund or opt for fixed deposits.

Conclusion
Achieving a ?1 crore corpus by age 58 is feasible with disciplined investing and prudent portfolio management. Regularly assess your investments, seek professional advice if needed, and make informed decisions to optimize returns and work towards your retirement goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in