I am 45 years, single, female. I have no loans or liabilities.My annual expenses are around 6-7 lakhs. I am currently investing 31k per month since 8 months in Mutual funds . I have 10 lakhs in Liquid Funds, and around 20 lakhs in other investments like PPF, NPS and FDs. I currently earn around 1 lakh/month. I would like to have around 2 crore in the next 10-15 years in investments. What can I do better? I have mentioned my current MF portfolio below:
PARAG PARIKH FLEXI CAP FUND - DIRECT PLAN
ICICI Prudential Technology Fund
Mirae Asset Emerging Bluechip Fund
NIPPON INDIA FOCUSED EQUITY FUND
NIPPON INDIA SMALL CAP FUND
Nippon India Nifty Next 50 Junior BeES FoF
SBI Small Cap Fund
SBI NIFTY Small Cap 250 Index Fund
Ans: Since you have kept 10 Lakh in liquid funds it's really not important to keep FD. You can continue with NPS. You can change Nippon FOF to Nippon small cap Fund. With the current investment you can make 1.5 crore in 15 years of investment also whenever your income goes up you can increase your investment in equity mutual funds and achieve your goal of 2 Crore