I'm 22 years old. I want to create a corpus of 3 crore in next 15-20 years. I have following MF currently running from past 1-2 years. I'm a student and studying law and hence can invest only 12k a month maximum. From 2024 I will start earning and can make additional investments or add into existing SIPs.

Please guide me if any changes need to be done. Also am planning to start an SIP in small cap fund. Please suggest on the same.

1. TATA digital India fund growth - 2500 pm

2. Kotak flexicap fund - 2000 pm

3. Mirae asset large cap - 2000 pm

4. ICICI prudential NASDAQ 100 - 2000 pm

5. Gold ETF and Silver ETF - 1k each pm

All the above mentioned are step up SIPs with 10% step up each year

Please guide according to portfolio.

Ans: With investment of Rs 42,000 per month the corpus that can get created is Rs 1.1 crore in 10 year.

No need to add any new funds, you can increase investment in same schemes or do annual step up .

Ans: Current schemes are sufficient, no need to add further funds, please increase the investment in above funds only.

Ans: Hello Satya. In terms of your requirements and goals, your current allocation sounds good with the exception of the PPFAS Conservative Hybrid Fund. I would suggest reconsidering PPFAS with Bluechip schemes for long run . Additionally, no changes need to be made to the amount of your sip.

Ans: You've built a diversified portfolio with a mix of large-cap, mid-cap, small-cap, flexi-cap, and sectoral funds, which is a good start towards your ambitious goal. Here are some considerations and recommendations:

Asset Allocation: Given your goal and age, you might want to tilt your portfolio towards more equity-oriented funds. While equities carry higher risk, they also offer potential for higher returns over the long term.
Review & Rebalance: Periodically review your portfolio to ensure it aligns with your goals and risk tolerance. Rebalance if necessary to maintain your desired asset allocation.
Increase SIP Amounts: With a target corpus of 3 crores in 18 years, you might need to consider increasing your SIP amounts annually to account for inflation and potentially higher returns.
Diversification: Ensure you're not overly concentrated in a single asset class or sector. Diversification across asset classes and market caps can help spread the risk.
Consult a Financial Advisor: Given the complexity of financial planning, it might be beneficial to consult a financial advisor who can provide personalized advice based on your financial situation, goals, and risk tolerance.
Remember, investing is a journey, not a destination. Consistency, discipline, and periodic reviews are key to achieving your financial goals.