Hello Sir, I am 37 years old working professional, I am investing rs 16,000.00 in SIP per month, break up is 1. PGIM India Midcap opportunities fund -rs 2500, 2. PGIM India flexi cap fund -rs 2500, 3. ITI Multi cap fund -rs. 2500, 4. Aditya Birla sunlife small cap fund growth -rs 1500, 5. Tata flexi cap fund regular growth -rs 3000, 6. Mahindra Manulife large & Mid cap regular growth - rs. 2500, 7. HDFC Mid cap opportunities fund growth - rs. 1500. This investment I am doing since 5 years. I want to accumulate 1.5 cr in 10 years. Please suggest me what to do? Need your valuable advice.

Ans: It's commendable that you've been consistently investing in SIPs over the past five years towards your financial goals. Here are some suggestions to help you achieve your target of accumulating 1.5 crores in the next 10 years:
1. Review Portfolio Allocation: Evaluate your current portfolio allocation and ensure it aligns with your risk tolerance and investment objectives. Since you have exposure to mid-cap, flexi-cap, multi-cap, and small-cap funds, ensure adequate diversification across market segments.
2. Regular Monitoring: Regularly monitor the performance of your SIPs and the funds in your portfolio. Keep track of any changes in fund management, investment strategy, or market conditions that may affect your investments.
3. Consider Increasing SIP Amount: Given your goal of accumulating 1.5 crores in 10 years, you may need to consider increasing your SIP amount to accelerate wealth accumulation. Calculate the required monthly SIP amount based on your expected rate of return and investment horizon to reach your target corpus.
4. Explore Tax-saving Investments: Consider exploring tax-saving investment options like Equity Linked Savings Schemes (ELSS) to optimize tax benefits while also working towards your financial goal. ELSS funds have a lock-in period of three years and offer the potential for long-term wealth creation.
5. Stay Invested for the Long Term: Maintain a disciplined approach to investing and stay invested for the long term to benefit from the power of compounding. Avoid making emotional decisions based on short-term market fluctuations and focus on your long-term financial objectives.
6. Regular Financial Reviews: Conduct regular financial reviews with a Certified Financial Planner (CFP) to assess your progress towards your financial goals, make necessary adjustments to your investment strategy, and ensure you're on track to achieve your target corpus.

By following these steps and staying committed to your investment plan, you can work towards achieving your goal of accumulating 1.5 crores in the next 10 years.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in