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Omkeshwar Singh | Answer |Ask -Follow

Head, Rank MF - Answered on Dec 06, 2022

Mutual Fund Expert... more

Question by Nitish on Dec 06, 2022Hindi

Money

I want to create a corpus of 5-10 cr in next 10 years. I have paused my previous sips and started new sips with a financial firm. They are listed below.

1. IIFL focused Equity fund(G) - 25000rs SIP monthly started

2. Canara Bluechip Equity fund(G) - 25000rs SIP monthly started

3. SBI Contra (G) - 20000rs SIP monthly started

4. SBI Smal cap fund (G)- 10000rs SIP monthly

5. Canara Roberco Small cap- 10000rs SIP monthly

I intent to save 90K to 1 L a month. what is the maximum corpus I can create with this saving in next 10 years? Also PPF of 1.5L annually.

I have a lump sum of 25L to 30L annually salary. Please suggest and guide me if I can do something more better. PPF 1.5L anually till date 8.40lakh. Previous SIPs - 10lakh

Please guide.

Ans: Funds are good, please continue. The corpus that can get created by investment of Rs 90000 is Rs 2.2 cr in 10 years.

PPF is fine.

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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Sir, I want to create a corpus of Rs 1 cr in next 15 years. I can invest more than Rs 10,000 per month in mutual funds. Is Rs 10,000 SIP in different mutual funds enough to create this corpus or will I need to put more money into my SIPs? What kind of mutual funds would you suggest for me?

Ans: For, achieving this target your thought process is correct. This target can surely be achieved in the next 15 years. By taking an average CAGR 14 per cent annualised, which is currently the average return in last 15 years given Indian growth-based mutual funds, this target is surely achievable. Seeing India's bright future ahead in terms of economic growth, the best mutual funds for this aim will be growth-based stock mutual funds.

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Question by Sagar - Sep 15, 2022Hindi

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I am 35 years old. I want to build a corpus of 2-3crore over a period of next 10 years. Currently I am investing Rs 42,000 every month. Could you please suggest my current SIP is good or not and also if further investment required? My current SIP: 1. Parag Parikh Flexi Cap Fund Direct Growth - 9000. 2. Mirae Asset Emerging Bluechip Fund Direct Growth - 9000. 3. Axis Midcap Direct Plan Growth - 7000. 4.SBI Multicap Fund Direct Growth - 6000. 5. Axis Bluechip Fund Direct Plan Growth - 6000. 6. Nippon India Flexi Cap Fund Direct Growth - 5000. Please suggest and help.

Ans: With investment of Rs 42,000 per month the corpus that can get created is Rs 1.1 crore in 10 year.

No need to add any new funds, you can increase investment in same schemes or do annual step up .

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Head, Rank MF - Answered on Nov 02, 2022

Question by Dharmesh - Nov 02, 2022Hindi

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I have a SIPs in the following funds of Rs 20k. I want to create Rs 1 Cr corpus in 5-10 yrs. Current corpus is Rs 30 lakh. Please suggest the best option. Aditya Birla Sun Life Equity Advantage Fund - Growth -- 1500 Aditya Birla Sun Life Pure Value Fund - Growth -- 3000 Axis Bluechip Fund - Regular Plan - Growth -- 1500 Franklin India Focused Equity Fund - Growth -- 2000 Franklin India Smaller Companies Fund - Growth -- 2000 HDFC Top 100 Fund - Growth -- 1500 Sundaram Mid Cap Fund - Regular Plan - Growth -- 2000 Aditya Birla Sun Life Tax Relief '96 - Growth -- 1500 Axis Long Term Equity Fund - Regular Plan - Growth -- 2500 DSP Tax Saver Fund - Regular Plan - Growth -- 2500

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Question by Nitish - Dec 15, 2022Hindi

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I want to create a corpus of 5-10 cr in next 10 years. I started some sips in 2018 of small amount of 2k with a PPF of 1.5L annually. With this amount I have still now 19L as saved amount. Now I have paused my previous sips and started new sips with a financial firm. They are listed below: 1- IIFL focused Equity fund(G) - 130000 one time deposit from redemption of one earlier sips which was not performing well. 2- Canara Bluechip Equity fund(G) - 130000 one time deposit from redemption of one earlier sips which was not performing well. 3- SBI Contra(G) - 130000 one time deposit from redemption of one earlier sips which was not performing well. 4- IIFL focused Equity fund(G) - 25000rs SIP monthly started 5-Canara Bluechip Equity fund(G) - 25000rs SIP monthly started 6-SBI Contra (G) - 20000rs SIP monthly started 7- SBI Smal cap fund (G)- 10000rs SIP monthly 8- Canara Roberco Small cap- 10000rs SIP I intend to save 90K to 1 L a month. What is the maximum corpus I can create with this saving in next 10 years? Also PPF of 1.5L annually. I have a lump sum of 25L to 30L annual salary. Please suggest and guide me if I can do something more better. I have not redeemed all of my previous sips and effect of compounding is still on. With the withdrawal ones I have 9L plus 8.40L if PPF. Right now I'm 32 years and plan to retire at 45 to 50 looking for retirement planning. Please guide.

Ans: Hello Nitish Kumar. Depending on your goal of creating 5 crore of corpus, you can increase the amount of your SIP up to 1.59 Lakh. With current investment values of SIP and Lump sum, you may be able to achieve a corpus of 3.2 crore. Regarding your current investment, it appears that you have thoroughly researched the mutual fund market. A fine selection of schemes is made. I would suggest diversifying your portfolio by AMC and category. For future SIPs, you may introduce midcap, flexicap, and largecap categories.

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Greetings, I am 48 yrs old, not working due to health reasons. I have 80 lakhs at the moment. My monthly expenses is approx 50K. How can I plan for SWP and at the same time gain capital appreciation for the principal amount?

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Ensures liquidity for 1.5 years of expenses
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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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