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Omkeshwar Singh | Answer |Ask -Follow

Head, Rank MF - Answered on Sep 15, 2022

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Question by Sagar on Sep 15, 2022Hindi

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I am 35 years old. I want to build a corpus of 2-3crore over a period of next 10 years. Currently I am investing Rs 42,000 every month. Could you please suggest my current SIP is good or not and also if further investment required?

My current SIP:

1. Parag Parikh Flexi Cap Fund Direct Growth - 9000.

2. Mirae Asset Emerging Bluechip Fund Direct Growth - 9000.

3. Axis Midcap Direct Plan Growth - 7000.

4.SBI Multicap Fund Direct Growth - 6000.

5. Axis Bluechip Fund Direct Plan Growth - 6000.

6. Nippon India Flexi Cap Fund Direct Growth - 5000.

Please suggest and help.

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 .

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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Answered on Apr 12, 2022

Question by Anmol - Apr 12, 2022Hindi

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Sir, I want to create a corpus of Rs 1 cr in next 15 years. I can invest more than Rs 10,000 per month in mutual funds. Is Rs 10,000 SIP in different mutual funds enough to create this corpus or will I need to put more money into my SIPs? What kind of mutual funds would you suggest for me?

Ans: For, achieving this target your thought process is correct. This target can surely be achieved in the next 15 years. By taking an average CAGR 14 per cent annualised, which is currently the average return in last 15 years given Indian growth-based mutual funds, this target is surely achievable. Seeing India's bright future ahead in terms of economic growth, the best mutual funds for this aim will be growth-based stock mutual funds.

Omkeshwar Singh | Answer |Ask -Follow

Head, Rank MF - Answered on Dec 06, 2022

Question by Nitish - Dec 06, 2022Hindi

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I want to create a corpus of 5-10 cr in next 10 years. I have paused my previous sips and started new sips with a financial firm. They are listed below. 1. IIFL focused Equity fund(G) - 25000rs SIP monthly started 2. Canara Bluechip Equity fund(G) - 25000rs SIP monthly started 3. SBI Contra (G) - 20000rs SIP monthly started 4. SBI Smal cap fund (G)- 10000rs SIP monthly 5. Canara Roberco Small cap- 10000rs SIP monthly I intent to save 90K to 1 L a month. what is the maximum corpus I can create with this saving in next 10 years? Also PPF of 1.5L annually. I have a lump sum of 25L to 30L annually salary. Please suggest and guide me if I can do something more better. PPF 1.5L anually till date 8.40lakh. Previous SIPs - 10lakh Please guide.

Ans: Funds are good, please continue. The corpus that can get created by investment of Rs 90000 is Rs 2.2 cr in 10 years.

PPF is fine.

Nikunj Saraf |308 Answers |Ask -Follow

Mutual Funds Expert - Answered on Mar 18, 2023

Question by Metesh - Feb 04, 2023Hindi

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Hi Nikunj I'm looking at creating a corpus of 10 cr in next 10 years....currently the value of my portfolio is around 71 lacs and i have a monthly SIP of 65k in axis , midcap, canara robeco emerging, ICICI pru bluechip, ICICI nifty 50, mirae asset emerging bluechip, quant flexi cap, sbi small cap, sbi focussed equity and sbi equity hybrid fund... Are these good enough or what strategy should I take going forward..

Ans: Hello Metesh. Overall your portfolio report sounds very promising. I must say that you have conducted thorough research on the market. The sbi focused equity scheme may need to be reconsidered in comparison to peer schemes. Furthermore, in addition to achieve a corpus of 10 crores in the coming years, I would suggest you increase your sip and include an annual add-on to your current sip amount. In view of the fact that 65k sip will not suffice to accomplish your goals.

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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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