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Sanjeev

Sanjeev Govila  |192 Answers  |Ask -

Financial Planner - Answered on Jul 27, 2023

Laximan Question by Laximan on Jun 09, 2023
Money

Hi, I am LY,aged 41 yrs & want to have corpus of around 2cr in next 20yrs. currently i have invested in DSP tax saver fund- regular plan growth-50k, ICICI prudential flexi cap fund growth-5k monthly, Bandhan flexicap fund growth regular plan-2500 montly,Mahindra manulife large and midcap fund regular growth-3k monthly,FNGP- uti floater fund regular plan-1500 monthly,MCGP-UTI mid cap fund regular plan 3500 montly & Nippon India Growth fund-2lac & in same 3k monthly, My current value of investments is 11.50 lac & i want to start more 10k monthly. Please advise how much more investments to be made for 2cr corpus in next 20 years n which funds?

Ans: You have a SIP of Rs 13,500 right now and a total corpus of 11.5 Lakhs. By increasing your SIP by another 10,000, your total SIP will be Rs 23,500. Even if we assume a low portfolio growth of 10% per annum, you should be able to get at least 2.64 Crores.

And if you do regular reviews of your portfolio, you should be easily able to do better than this.

However, I have no idea about your future financial goals, your risk profile, other investments and whether you would have the nerves to not get unduly perturbed if stock markets go temporarily down. Hence, it is not possible for me to suggest you the funds to invest in or review your portfolio. Please consult your financial advisor for an in-depth analysis and suggestions.
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