Good morning sir,
I am currently investing 14000 per month in different MFs like parag parikh flexi cap, carana robecco small cap, kotak emerging equities, motilal oswal mid cap, nippon india small cap, sbi magnum mid cap. I would like to create a corpus of 5cr after 15 years from now. Which more MFs should I invest in and how much? From the current MFs, in which should I invest more?
Ans: Given your investment horizon and goal of accumulating a corpus of 5 crore in 15 years, you're on the right track with your current MF selection. To diversify further, consider adding funds from other categories like large-cap, multi-cap, or thematic funds based on your risk appetite. Increase SIP amounts gradually over time and monitor performance regularly. Focus on funds with strong track records, competent fund managers, and aligned investment strategies. Rebalance periodically to maintain the desired asset allocation. Consult a financial advisor for personalized guidance tailored to your financial goals, risk tolerance, and investment horizon.