I have been investing in the below mentioned MF SIP schemes my goal is to have 1CR by the time i am 50 yrs my doubts are: 

1. Is the below MF enough or is it too much? If i have to close some funds which ones to close? 

2. I have a housing loan of 65 lakh can i use the MF investment to clear the same?

My MFs are as below: 

HOLDINGS AS ON 1st November 2022

Scheme Name	Invested Value	Current Value	Returns	XIRR
HDFC Retirement Savings Fund Equity Plan Direct Growth	14999.24	16559.71	1560.477307	16.43%
UTI Long Term Equity Fund Direct Growth	19498.88	20326.63	827.7535724	7.16%
Parag Parikh Flexi Cap Fund Direct Growth	14999.2	15473.93	474.7245131	4.92%
Motilal Oswal Asset Allocation Passive FoF Aggressive Direct Growth	999.95	1052.04	52.0888116	4.48%
IDFC Tax Advantage (ELSS) Direct Plan Growth	13999.37	15039.63	1040.257178	12.98%
Kotak Bluechip Fund Direct Growth	19499.65	20814.18	1314.536521	11.31%
Canara Robeco Equity Tax Saver Direct Growth	13999.17	14879.03	879.8574	10.95%
Kotak Tax Saver Fund Direct Growth	27998.71	30544.75	2546.042107	15.29%
Aditya Birla Sun Life Corporate Bond Fund Direct Growth	32498.55	33342.47	843.9236482	4.44%
Mirae Asset Tax Saver Fund Direct Growth	29998.51	31241.27	1242.76146	6.81%
Canara Robeco Equity Hybrid Fund Direct Growth	13998.83	14727.89	729.06493	9.12%
Kotak Multicap Fund Direct Growth	12999.35	14462.41	1463.060518	19.21%
SBI Balanced Advantage Fund Direct Growth	20999.01	22217.09	1218.079844	9.96%
UTI Flexi Cap Fund Direct Growth	32498.81	32324.14	-174.6719205	-0.87%
SBI Multi Asset Allocation Fund Direct Growth	27998.57	29453.48	1454.907578	9.19%
Aditya Birla Sun Life Nifty SDL Plus PSU Bond Sep 2026 60:40 Index Fund Direct Growth	11999.4	12200.07	200.666444	3.01%

Ans: Hello Ashwani, I can see over diversification with your current investments with 12k sip amount. I would suggest you to consolidate your mf investments and reshuffle the portfolio.

Ans: Evaluating Your Investment Strategy
Introduction
Congratulations on starting a disciplined investment journey. Investing ?25,000 per month and planning to increase it by 10% every six months shows a strong commitment.

Current Strategy Assessment
Investing in five different mutual funds each month is a diversified approach. However, consistency is key in mutual fund investments.

Benefits of Systematic Investment Plans (SIPs)
SIPs offer the advantage of rupee cost averaging and discipline. Sticking to a set of funds through SIPs ensures regular investments without market timing.

Diversification and Consistency
Diversification across different mutual funds is beneficial. However, investing in too many funds can lead to overlap and management challenges.

Recommended Approach
Stick to Consistent SIPs: Choose five well-performing funds and invest consistently in them via SIPs.

Review and Rebalance: Regularly review your funds' performance and rebalance if needed. This keeps your portfolio aligned with goals.

Fund Selection
Choose funds that align with your risk tolerance and financial goals. A mix of large-cap, mid-cap, and multi-cap funds can provide balanced growth.

Suggested Allocation
Large-Cap Fund: ?5,000
Mid-Cap Fund: ?5,000
Multi-Cap Fund: ?5,000
Balanced Advantage Fund: ?5,000
Debt Fund: ?5,000
This allocation provides exposure to different market segments, ensuring diversification and stability.

Increasing Investments
Your plan to increase investments by 10% every six months is excellent. It leverages the power of compounding and accelerates wealth creation.

Example
Starting with ?25,000 and increasing by 10% every six months can significantly boost your corpus over nine years.

Achieving the ?1 Crore Goal
Your goal of accumulating ?1 crore by age 56 is achievable with disciplined investing and regular reviews.

Estimated Returns
Assuming a moderate annual return of 12%, your increasing SIP strategy can help you reach your target. The key is consistency and regular increments.

Monitoring and Adjusting
Regularly monitor your portfolio's performance. Make adjustments based on market conditions and fund performance. Consulting a Certified Financial Planner (CFP) can provide personalized guidance.

Professional Advice
A CFP can help you navigate market complexities, select the right funds, and make necessary adjustments. They offer tailored advice aligning with your financial goals.

Conclusion
Sticking to a consistent SIP strategy with a mix of funds and increasing investments regularly is a prudent approach. Regular monitoring and professional advice can help you achieve your ?1 crore goal by age 56.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Ans: Hello Prateek & thanks for writing to me. Assuming that you are able to generate an XIRR of 12%, you will be able to create a corpus of Rs.1 Crore in around 10 years.

As your time horizon is 10 years, I recommend you invest only in equity schemes which can potentially generate higher returns than hybrid schemes like a balanced advantage fund or dynamic asset allocation fund.

You can consider investing equally in:

1.Small Cap Scheme
2.Mid Cap Scheme
3.Flexi Cap Scheme
4. Multi Cap Scheme

Your 5th scheme can be a thematic scheme like a momentum fund or a special opportunities fund or a broader category like a special opportunities fund.

You can consider investing solely in equity schemes for the first 7 to 8 years and then change the asset allocation to have a mix of hybrid schemes like BAF/DAAF's, Multi Asset Funds and aggressive hybrid funds in the last 2-3 years of your 10 year horizon.

Ans: Hello;

I must admire your commitment and disciplined way of investing.

Your fund choice looks good so NO suggestion for changes.

If you contine this monthly SIP of 3.2 L for the next 10 years you may expect a corpus of 7.1 Cr.

If you decide to top-up this SIP by 10% each year then your corpus would be around 10.25 Cr+.

Yes you should exit these funds(uti flexicap, Axis BC & Midcap, PGIM flexi cap) and redeploy the proceeds into your SIP schemes.

A modest return of 11% considered.

Happy Investing!!