Hello, I have lump sum amount of 10 lakh which I want to invest and I am looking for long term and I have current investment of 41 thousand per month in SIP. Should I do STP and try moving to existing SIP. I have sips in Kotak small cap 4.5k , parat Parikh 2.5k, icici blue chip 2.5 k, Motilal Oswal nasdaq 100fof 4.5k , miras asset large cap 4.5 k, frank line focused 5k , hdfc mid cap 2500, edelweiss balanced 5k , axis focused 25 4.5k Please advice if this is good plan or can change , I looking for long term investment and would like to increase sip by 10000 ( would like to have 51000 per month ).

Ans: This is a decent portfolio, please continue and review after an year.

Ans: Hi Santosh, thanks for writing to me. You can continue investing in UTI Flexi Cap Fund and ICICI Blue Chip Fund as they are good funds. You can consider stopping investments in ICICI Prudential Nifty Next 50 Fund and begin investing the SIP amount in Nippon India Multi Asset Fund.

Ans: Hello Anil, thanks for writing to me.
The schemes you invest in are good schemes and you can continue investing in them.

Ans: Hi Ram,

It's great to see that you've started investing systematically towards your long-term financial goals. Here's a review of your current SIP investments:

Parag Parikh Flexi Cap Regular Growth: This fund follows a diversified approach across various market caps and geographical regions, which can provide stability to your portfolio. It's suitable for long-term wealth creation.
Canara Robeco Small Cap Fund Growth: Small-cap funds can be volatile in the short term but have the potential to offer high returns over the long term. Ensure you're comfortable with the risk associated with small-cap investments.
HDFC Retirement Savings Fund Equity Growth: This fund is designed to provide wealth accumulation for retirement. It's aligned with your long-term investment horizon and retirement goal.
NPS: The National Pension System (NPS) is a retirement-focused investment option offering tax benefits. It's prudent to contribute to NPS alongside other investments for retirement planning.
To achieve your target corpus of 2.5-3.0 Cr over 18 years, consider periodically reviewing your SIP contributions and adjusting them based on changes in your income, expenses, and market conditions. Additionally, diversify across asset classes to manage risk effectively.

As your financial goals evolve, consider consulting with a Certified Financial Planner to ensure your investment strategy remains aligned with your objectives.