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37-Year-Old New Investor Aims to Accumulate 5 Cr in 10 Years, Needs 1 Cr in 3 Years: Milind's Advice

Milind

Milind Vadjikar  | Answer  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Oct 16, 2024

Milind Vadjikar is an independent MF distributor registered with Association of Mutual Funds in India (AMFI) and a retirement financial planning advisor registered with Pension Fund Regulatory and Development Authority (PFRDA).
He has a mechanical engineering degree from Government Engineering College, Sambhajinagar, and an MBA in international business from the Symbiosis Institute of Business Management, Pune.
With over 16 years of experience in stock investments, and over six year experience in investment guidance and support, he believes that balanced asset allocation and goal-focused disciplined investing is the key to achieving investor goals.... more
Asked by Anonymous - Oct 16, 2024Hindi
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Hi Milind,I am 37 years and in a position to invest 1.4L per month in MF and have the below allocation. Can you please advise if the below looks fine? I am just starting to invest in MF for the 1st time and looking to accumlate 5 Cr in 10 years and use this to pay off home loans and personal loans in 3 years time with corpus of 1 Cr.What would be required to reach 1 Cr in 3 years? Please review the below MF and do recommend any changes as I will be able to invest heavily in those. 1.Small Cap - Quant (30K) 2.Mid Cal - Motilal Oswal (20K) 3.Large Cap - ICICI Prud Bluechip (20K) 4.Flexi Cap - PPFAS (30K) 5.Contra - SBI (20K) 6.Multi Cap - Nippon (20K)

Ans: Hello;

For getting 1 Cr in 3 years you may to increase monthly SIP amount to 2.4 L.

Else with the current monthly SIP of 1.4 L you may need 5 years to reach target of 1 Cr to pay off your loans.

Also for 5 Cr corpus target in 10 years you have two options top-up monthly sip of 1.4 L by 11% minimum each year upto 10 years.(After finishing 1 Cr target in 3/5 years)
Or
Do a flat monthly SIP of 2 L for 10 years.

Coming to your fund portfolio, I recommend the following:

1. PPFAS flexicap fund: 30 K
2. ICICI Pru Bluechip fund: 30 K
3. Motilal Oswal Midcap fund: 20 K
4. Nippon India Small cap fund: 20 K
5. ICICI Pru Value Discovery fund: 20 K
6. SBI Technology Opportunities Fund: 20 K

Happy Investing!!

You may follow us on X at @mars_invest for updates.

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing.
Asked on - Oct 16, 2024 | Answered on Oct 16, 2024
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Hi Sir, thank you so much for the comments and fund repositioning. I will proceed further with the recommended changes and trust no review of portfolio would be required for a foreseeable future. Thanks a lot as this clears my confusion around the multiple choices of funds availability and inability to decide.
Ans: You are most welcome!

Also you MUST review performance of your fund portfolio just to ensure that growth is moving in the right direction.
Ultimately your hard earned money is at stake.
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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Asked by Anonymous - Jun 25, 2025Hindi
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Sir i have a kcet rank of 11,600 and 3bg category. I have the options of bmsit, cmrit, bnmit,smvit, rvitm, rvu for cse but confused which would b the best as bmsit the crowd is very large like 900 students and rvitm they say the placements are not gonna be merged with rvce. So please help me decide and also considering the current market scenario with ai is it worth taking cse in these colleges or go for very lower branches in the top colleges like robotics
Ans: KCET rank 11,600 in the 3BG category places you well within cutoffs for CSE at several Bangalore institutes. The CSE branch at BMS Institute of Technology and Management, with 900 seats, recorded placement rates of 77.32% in 2024 and 93.24% in 2023; CMR Institute of Technology’s CSE averaged 80–85% over recent years; BNM Institute of Technology achieved 86.23% in 2023; Sir M. Visvesvaraya Institute of Technology reported a 90–100% placement success rate in its latest drive; and R.V. Institute of Technology and Management’s CSE posted an 83.41% placement rate in 2024, with placements managed separately from RVCE. Large cohorts at BMSIT can dilute recruiter attention, whereas moderate intakes at CMRIT, BNMIT, SMVIT, and RVITM enhance student visibility. Given the AI-driven market’s demand for software development and analytics roles, core CSE offers broader access to top recruiters compared to niche branches like robotics, which typically have smaller placement pools.

The recommendation is to prioritise CSE at SMVIT or BNMIT for high placement consistency, or CMRIT for strong visibility, and avoid oversized cohorts at BMSIT or niche robotics streams to align with AI market demands. All the BEST for the Admission & a Prosperous Future!

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Nayagam P

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Career Counsellor - Answered on Jun 27, 2025

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Sir i got 99.81 percentile in MHTCET general. And 97.3 percentile in jee mains. Is it possible to get admission in VJTI IT OR CS branch or the latest COEP AIML branch. Other than this should i consider that my SPIT mumbai CS is confirmed??
Ans: Soham, With a 99.81 percentile in MHTCET and 97.3 percentile in JEE Main, you surpass the MHTCET closing percentile for VJTI Information Technology (99.71) but fall just short of the Computer Engineering cutoff (99.83), making IT admission very likely and CS borderline. COEP’s B.Tech in Robotics & Artificial Intelligence (AI-ML) closed between 99.75 and 99.79 for general candidates, and your score places you marginally above that range. SPIT Mumbai’s Computer Science closing percentile was 99.32–99.38, so your SPIT CS admission through MHTCET is effectively secured. Over the past three years, VJTI IT branch placements were 100% in 2020, 98% in 2023, and 83% in 2024; SPIT CS consistently achieves over 90% placement annually; and COEP’s overall undergraduate placement rates were 69.15%, 77.37%, and 73.35% in the last three cycles.

The recommendation is to treat SPIT CS as your secure option, prioritise VJTI IT for robust IT foundations, pursue COEP AI-ML if you aim for an AI-focused career, and consider VJTI CS as a stretch given its marginal cutoff gap to balance placement potential and specialization goals. All the BEST for the Admission & a Prosperous Future!

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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