Hello sir
I'm 53 year old and currently I have invested on below funds 5000/PM and paln to have corpus of INR 2cr by 60 years.
1. Quant active fund-G
2. Quant mid cap fund -G
3. BOI AXa small cap fund
4. Canara Robo small cap fund
5. Mahindra manulife mid cap
6. Quant small cap fund
7. PGIM India flexi cap fund
8. Quant felixi cap fund
20K/Month
1. Parag Parikh flexi cap fund
2. PGMI mid cap opportunity fund
3. Quant active fund Growth
4. Woc felixi cap fund
Pls advise if these are good SIP or I should exit some or start a new SIP..u may also guide any good MF for SIP or one time investment..
Regards
RPJ
Ans: For you to get to 2crs in 7yrs, assuming 12% xirr, your sip amount needs to be Rs1.5L
Generally i avoid flexi cap funds, instead you can go for the following categories for your sip:
Small cap
Mid cap
Large and mid
Thematic - Consumption
Multicap
Focused
For Lumpsum you can select the same funds where you are having your sip's and the STP can be 15-20 weeks starting today.
Please note that these suggestions are based on your stated goals and the information you provided. It is always a good idea to consult with a financial advisor in person to better understand your risk tolerance, time horizon, and specific financial goals.