Sir, I am 24, starting investing with objective of building a corpus of around 1 CR in next 15 years. ( will also step up in below mentioned SIP's yearly 10-15%).
1. Parag Parikh Flexi - 2000 pm 2. Axis Small Cap - 2000 pm 3. ICICI Prudential Large & Midcap - 1000 pm OR Mirae Asset Midcap/ ICICI value discovery - 2000 pm ( Pls suggest between 2 mentioned.) Also should I include any Index fund as 4th Fund in Portfolio. ( HDFC Index S&P BSE OR Nippon ind Index s&P , pls suggest between 2) .
Ans: Mirae Asset Midcap and Nippon Ind Index.
Considering that you will do a total SIP of Rs.10000/- per month which will be incremental at 10% every year still your objective of 1cr will not be justified considering that total returns fetched would be 15% on an average. The total corpus after 10year would be around Rs.39,57,419/-. with the same corpus you have to invest for at least 15yrs to achieve your goal which will be around Rs. 1,10,99,995/-.
Hope this helps you and you invest accordingly.
Disclaimer: Investments in securities are subject to market RISKS. Read all the related documents carefully before investing. The securities quoted are for illustration only and are not recommendatory. Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.