I have invested in the following mutual funds. I would like to continue for the next 7-8 years & this would be for my son’s higher education. I'm looking at the corpus of Rs 50 lakh. 

SIP: Rs 25000 per month and additional lump sum whenever I can.

1. Canara Robaco Bluechip Fund - Rs 8000 per month and additional Lump sum - Rs 50,000
2. Parag Parikh Flexi Cap Fund - Rs 5000 per month and additional Lump sum of Rs 50,000
3. Mirae Asset Large Cap Fund - Rs 4000 per month and additional Lump sum - Rs 100,000
4. Axis Bluechip Fund - Rs 5000- per month and additional Lump sum - Rs 50,000
5. SBI Small Cap Fund - Rs 3000 per month
6. Axis Mid Cap Fund - Rs 50000 (Lump sum)
7. Axis growth Opportunities Fund - Rs 100,000 (Lump sum)

All these were started around 7-8 months back. Kindly advice on the above funds

Ans: Hello;

Your monthly sip value adds upto 1.3 L however you have claimed it to be 1.18 L. (Maybe a typo).

Existing corpus(19.35 L) and monthly sip (1.3 L) won't reach 5 Cr in 10 years.

You have two options to make it happen:

1. Increase monthly sip amount to 1.9 L.

2. Top-up current monthly SIP of 1.3 L by minimum 10% each year for 10 years.

Both ways will lead you to a corpus of 5 Cr over 10 years.

You may consider money market mutual funds for parking your funds for a 1 year horizon. Returns may be comparable to FD returns but with flexibility to withdraw anytime. They typically have low to moderate risk.

Happy Investing;
X: @mars_invest

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Ans: Hello;

You may withdraw your EPF corpus claiming two consecutive months of unemployment after quitting the previous job(Aug-24).

Further if you have had 5 years, or more, of continuous service, across employer's but without any break, then your withdrawal will be tax free.

Else you may have a 10% TDS on withdrawal plus interest on contributions is also taxable as per slab rate.

Best wishes;

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Ans: Hello;

Surely you can do it.

Best wishes;

Ans: Hello;

You may invest in any of the top flexicap funds for long term;

1. JM flexi cap fund
2. PPFAS flexicap fund
3. HDFC flexicap fund

Not recommending Quant flexicap fund as of now, also in top quartile, since there is an ongoing sebi probe into alleged front running case.

These are top quartile flexicap funds on 10 yr return basis.

Happy Investing;
X: @mars_invest

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