Hi sir, My mutual fund portfolio with SIP amount 76k per month contains 60% small cap, 20% mid cap and, 20% index fund with total invested 8L and I am stepping up 10% yearly. And my stocks profile contains majorly all large caps such as ITC, HDFC, Bajaj finance, HUL, Infosys with overall invested amount 9L. I am looking for a long term goal of achieving 10Cr in around 15 years. Is it possible with my current approach ?
Ans: considering 15% growth in both your SIP amount will grow as 8,43,59,961/- and the lumpsum will grow 1,38,33,004/- so the sum of both will arrive at 9,81,92,965/- so your figure is nearby and i feel the 10cr would be achieved. All the very best and keep investing. In between of your 15yrs time you can also top it up with any bonus or variables you get.
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