I am investing in following schemes with a target of wealth creation
Investment : SIP - 1000 per month
1. Navi nifty 50 index fund 2. Quant tax plan 3. SBI Bluechip fund 4. DSP small cap 5. DSP Natural energy resources 6. Nippon ITBEES Nippon ITBEES which I just started investing 3000 per month for the next one year Pls suggest about the overall health of portfolio and also any changes to be made. Plus approx amount that can be accumulated in the next 10-12 years. Thanks
Ans: Hello, wealth creation is possible if you have a decent chunk of your active money invested in the equity markets. By this I mean 40-50% of your active income should be parked in equities periodically.
While creating a portfolio, i stick to the basic funds such as mid caps, small caps, large and mid cap, multicap, consumption, value fund, etc
You can select any of the above categories with max of 2 funds in each category. No need to try something new which you don't understand.
With an SIP of 9K for the next 12 yrs @12% xirr, you can accumulate approx Rs28.7L