Dear Joshi Sir, I am 61 years old and investing in SBI Contra MF since 12 years through SIP. AT present the SIP amount is Rs 6000 and MF value 12 Lac approx. Since retired from services, I wish to discontinue SIP and allow to grow the MF for say 10 more years. Or shall I do SWP @6% on this fund and continue SIP? Please guide me in this matter. With Thanks & Regards Sarvothama

Ans: You may continue with 2, 3, 5 and 6.

Ans: You may consider the below;

• Samco Flexi Cap fund Growth
• Motilal Oswal Focused 25 fund Growth
• Axis ESG Equity fund – Growth
• DSP Quant fund - Growth

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: Hello Rajesh Khanna. Based on the current diversification of your portfolio, I would recommend reconsidering HDFC Top 100 fund sip. As an additional option for 25 lakh investments, you may consider midcap, smallcap, flexicap, and large-cap funds.

Furthermore, you can invest via STP instead of the lump sum in order to benefit from future market volatility.

Ans: Hi Avinash, thanks for writing in.

To create a corpus of Rs.3 Crore in 15 years, you need to increase your investment amount to Rs.60,000 every month, that is increase your monthly SIP investment by Rs.27,000.

The funds you invest in are good funds and you can continue investing in them. You can modify the SIP values as follows:

-Axis Small Cap Fund Growth- Rs.15,000
-PGIM Midcap Opportunities Fund-Growth -Rs.15,000
-SBI Multicap Fund-Growth- 7,500
-Canara Robeco Bluechip Equity Fund Growth- Rs.7,500

You can also consider starting SIP's in:

-Edelweiss Nifty 100 Quality 30 Index Fund- Rs.7,500
-Samco Flexicap Fund-Rs.7,500

Stepping up your SIP's every year by 10% or more will help you create a larger corpus and achieve your goal faster.