Hello Sir, I am 24 Years old, My goal - 1 CR in next 10-15 year.
As a beginner, I have been making SIP's since last 5 months in ( Parag P Flexi 2k Pm, Axis Small cap 2.5kPm, Motilal oswal midcap 1.5Kpm, ICICI Pru Value Discovery 1 K ) total @7000 per month. (step up 30% every year) .
Going forward, >> Now for lumpsum I have identified 1. Nippon India power and Infra , ( as i want to invest in Power sectoral funds) 2. Canara Robeco Bluechip Equity fund OR Mirae Asset Large Cap Fund ( Direct Growth @ 10000 initially) , I plan to add 5k Quarterly until i reach a reasonable lumpsum amount. Please share your valuable suggestions on my plan. and addition or deletion to any funds.
Thanks,
Dipak
Ans: It's great that you're investing your monthly surplus in SIPs to build your wealth.
You have a well-diversified portfolio and the funds in your portfolio are performing well in the current market scenario. In the finance planning of any portfolio, we consider many factors, including client age, risk profile, current asset allocation, etc.
All mentioned funds are performing well and have good potential in the long term.
However, for Nippon Power and Infra Fund - Sectoral funds focus on a specific sector or industry and it is difficult to predict which sector will perform and how long. Hence, we recommend going for diversified funds to avoid the concentration risk.