Hi Nikunj, i am planning to make corpus of Rs3CR in 10years.
Currently i am investing around 35K per month through multiple SIPs - ICICI pru equity & debt, ICICI pru large & mid cap,ICICI pru blue-chip, ICICI pru multicap, ICICI pru opportunities fund, Axis small cap, DSP Nifty 50 equal weighted index fund, Franklin India Feeder Franklin US growth, HDFC small cap.
Could you please help that whether there is need in change of strategy and SIP amount is sufficient for said corpus. If yes l, then what changes do u suggest?
Ans: Hello Value Investors. Your portfolio appears to have targeted only a few AMCs, based on an analysis of your portfolio. Although the AMC has provided excellent performance, there is still the possibility of overlap. It would be a good idea to reshuffle your portfolio. Yet, The schemes are well chosen in your portfolio.
Moreover, in order to achieve a corpus of 3 crores in 10 years, I would advise you to increase your SIP from 35k to 1 lakh. Assuming that your investment will commence in 2023. If you have already accumulated some lumpsum amount through sip. The suggested monthly sip amount may reduce from 1 Lakh.