Can I reach my investment goal of 1.5 crores by 2030 with a 42 lakh portfolio?

Ans: Dont buy too many mutual funds. just add to the existing ones. i like icici pru bluechip fund. it is top fund. you can add more to it. also hdfc hybrid fund is also good.

thanks

please note : Investing strategies depends on your risk appetitive, so Please consult your financial advisor and then take further decision.

Advait Arora @wealthenrich

Ans: Hello & thanks for writing to me. The funds you invest in are good funds & you can consider increasing your investment amounts to these funds.

I am assuming that you are fine with the risks of volatility & are investing for the long term. If you mention your goals & risk appetite, I may recommend other schemes.

Ans: Your commitment to investing is commendable, and your goal of accumulating 1 crore in 5 years is ambitious yet achievable with prudent planning. Let's assess the adjustments needed in your SIPs to reach this milestone.

Given your current SIP of 8k per fund per month across 10 mutual funds, totaling 80k monthly, we can evaluate the required increase in SIP amount annually to meet your target.

Firstly, we'll need to estimate the expected rate of return on your mutual fund investments. Since you've invested across various categories like contra, growth, hybrid, flexi, midcap, and smallcap, your portfolio's expected return could vary based on market conditions and fund performance. Historically, equity investments have yielded returns ranging from 12% to 15% over the long term.

Assuming a moderate annual return of 12%, we can use a financial calculator or formula to determine the required SIP amount increase.

Considering the compounding effect, you would need to increase your SIP amount by approximately 20-25% annually to reach your 1 crore target in 5 years.

However, this calculation is based on various assumptions and market conditions, which may fluctuate. Therefore, it's crucial to periodically review your investments and adjust your SIP amounts accordingly to stay on track towards your goal.

Additionally, consulting with a Certified Financial Planner can provide personalized insights and strategies to optimize your investment approach and ensure you're making informed decisions aligned with your financial objectives.

In summary, increasing your SIP amount annually by around 20-25% can help you achieve your target of accumulating 1 crore in 5 years, provided that your investments generate expected returns. Regular monitoring and professional guidance are key to navigating market dynamics and achieving your financial goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Ans: Current Investment Analysis
You are investing Rs. 1.33 lakhs per month in SIPs. Since June 2021, your investment of Rs. 58 lakhs has grown to Rs. 77 lakhs. This shows good growth in your portfolio.

Increasing SIPs
You plan to increase your SIPs by Rs. 1.4 lakhs per month for the next 5 years. This will significantly boost your investment corpus. Regular investments in diversified funds can yield good returns over time.

Evaluating Investment Strategy
Increasing SIPs is a good strategy. Ensure you diversify across large cap, midcap, and small cap funds. Actively managed funds can offer better returns than index funds.

Balancing Risk and Returns
As you are nearing retirement, balance your portfolio to manage risk. Consider allocating a portion to debt funds for stability. This ensures safety and steady returns.

Planning for Retirement
With increased SIPs, your retirement corpus will grow substantially. Review your portfolio regularly. Adjust based on market conditions and financial goals.

Insurance and Emergency Fund
Ensure you have adequate life and health insurance. Maintain an emergency fund covering 6-12 months of expenses. This provides financial security for unforeseen events.

Final Insights
Increasing your SIPs by Rs. 1.4 lakhs per month is a good strategy. Ensure diversification and balance risk. Regular reviews and adjustments will help you achieve your retirement goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in