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Nikunj Saraf  |308 Answers  |Ask -

Mutual Funds Expert - Answered on Mar 01, 2023

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
girish Question by girish on Feb 11, 2023Translate
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Good afternoon. I want to create of corpus of 2 crores in 10 years. Presently I have a corpus of 5 lakhs in these mutual funds where I invest monthly 12000/- as follows: Franklin India Smaller Companies Fund - 2000/- HDFC Mid-Cap Opportunities Fund - Regular Plan - 2000/- HDFC Small Cap Fund - Direct Growth Plan -2000/- Mirae Asset Emerging Bluechip Fund - Direct Plan - Growth -2000/- SBI Blue Chip Fund - Regular Plan Growth -4000/- Please suggest the changes to be made to reach my target. Thank you.

Ans: Hello , Girish. Based on your current portfolio, you appear to be an aggressive risk taker. I would advise you to reconsider your small cap funds in favour of better peer schemes. Additionally, you can increase your investment to 50k on a monthly sip in order to reach the target of Rs. 2 Cr in 10 years. You could also consider sip top up your current sips for semi-annually or yearly to achieve your goal
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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