I have a SIPs in the following funds of Rs 20k. I want to create Rs 1 Cr corpus in 5-10 yrs. Current corpus is Rs 30 lakh. Please suggest the best option.

Aditya Birla Sun Life Equity Advantage Fund - Growth -- 1500

Aditya Birla Sun Life Pure Value Fund - Growth -- 3000

Axis Bluechip Fund - Regular Plan - Growth -- 1500

Franklin India Focused Equity Fund - Growth -- 2000

Franklin India Smaller Companies Fund - Growth -- 2000

HDFC Top 100 Fund - Growth -- 1500

Sundaram Mid Cap Fund - Regular Plan - Growth -- 2000

Aditya Birla Sun Life Tax Relief '96 - Growth -- 1500

Axis Long Term Equity Fund - Regular Plan - Growth --  2500

DSP Tax Saver Fund - Regular Plan - Growth -- 2500

Ans: Funds are decent. Growth options are best options but there are too many funds in your portfolio. You can still continue with your investments.

Ans: With Rs. 50K monthly investment, a corpus of Rs. 3 crs can be created in 15 years.

The funds are fine, no need to add any more funds.

Ans: After reviewing your portfolio, we propose that you discontinue your SIPs in Thematic Funds. Thematic funds are highly risky in nature and it is difficult to predict which sector will perform when and where, and begin your SIPs with funds that have proven past records. We also recommend that you keep a mix of equity and hybrid funds in your portfolio to ensure stability and recommend investing in various categories of equities mutual funds, i.e Large Cap, Mid Cap, Small Cap, and Flexi Cap. Investment across category provide proper diversification.

As you will require around 4-5 Cr in 15 years, we recommend you to increase your SIPs on yearly basis and It is recommendable to increase your SIPs by 5-10% every year as income grows. You can also invest some amount in Bulk when it is available with you such as yearly bonus, monthly or quarterly incentives etc.

We suggest you to maintain the discipline with your investments.
As it is said, “Successful investing takes time, discipline and patience”.

Ans: Considering your current well diversified SIP portfolio of Rs 35,000/- at the young of 29 years, I would suggest you to continue your investment in a systematic manner with increase of 5-10% per annum for accumulation of good capital at the time of retirement.

I would like to suggest you to gradually reduce your allocation in sector specific funds like TATA digital, TATA business cycle fund and Nippon consumption fund as these funds invest in particular sector of economy and there is a concentration risk in these funds. You can divert the SIPs from these funds to well diversified funds in Large Cap, Flexi Cap and other long-term equity and hybrid funds.
Consulting a financial planner to prepare a holistic investment plan with details of your existing investments and financial obligations in near future will be most advisable actions for you.