dear sir, i am basically a mf investor. since, 2021 november i have shifted my corpus gradually to debt & gold fund. at present my eq investment is 10% . i am continuing my SIP in equity as usual.kindly advise me on following issues. a. should i continue my SIPs ? b. should i start shifting my corpus again to equity from debt & gold fund. c. if not , then tentatively how long should i wait or how to decide on right environment for shifting to equity? request for reply. thanks & regds,

Ans: No change is required; the corpus that can be created with Rs. 45000 - SIP will be nearly Rs. 1.2 cr.

The lump sum of Rs. 4.45 lakh can grow up to Rs. 15 lakh, therefore a total of Rs. 1.35 crs to 1.4 crs can be created

Ans: All these are ELSS funds and decent ones , can be continues for tax benefit as well as wealth creation

Ans: Please continue with 1, 2 and 3; Axis Bluechip – Growth or UTI Master share -- Growth are better large cap funds.

Ans: Dear Surya,

It's great to see that you've been disciplined with your investments since 2020. Your portfolio comprises a mix of tax-saving, retirement, large-cap, mid-cap, small-cap, and international funds, which is a good sign of diversification.

Considering your goal of accumulating a corpus of ₹1 crore by 2030, let's look at your current investment approach and see if any adjustments are needed.

First, let's assume an average annual return of 12% on your investments, which is reasonable for equity-oriented mutual funds in the long term. With your current monthly SIP of ₹24,000, you will have invested ₹2,88,000 annually. By 2030, which is 7 years away, you would have invested ₹20,16,000 in total.

Using the assumed 12% annual return, the future value of your investment by 2030 would be approximately ₹33,38,000. This is significantly short of your ₹1 crore goal.

To achieve your target, you would need to increase your monthly SIP amount. Here's what you can do:

Review your financial situation and identify any areas where you can increase your monthly investments. You may need to invest around ₹50,000 per month to achieve ₹1 crore by 2030, assuming the same 12% annual return.
Reassess your portfolio and its asset allocation. While your current allocation seems well-diversified, it's important to ensure that it's aligned with your risk tolerance and investment horizon. You may need to make some changes to improve the potential for higher returns. Consider discussing this with a financial advisor to ensure your portfolio is optimized for your goals.
Regularly review your investments and their performance. It's essential to keep track of how your mutual funds are performing compared to their benchmark indices and peers. If you find any underperformers, consider replacing them with better-performing alternatives.
Remember that investing is a long-term journey and requires patience, discipline, and regular reviews. It's important to stay committed to your investment plan and make adjustments as needed to reach your financial goals.

Wishing you the best on your journey to ₹1 crore by 2030!

Warm regards,