Hello sir,
I am 41 years old and recently started to invest in mutual funds as below (Horizon is more than 10 years):
Kotak small cap fund 3000 Rs/PM
UTI nifty 50 index fund 10000 Rs/PM
Parag Parikh Flexi cap fund 5000 Rs/PM
I am planning to create a retirement corpus of 4 to 5 crores. Please let me know if any changes to be made and will I be able to achieve it.
Ans: It's commendable that you've started investing in mutual funds with a long-term horizon for your retirement goals. However, to achieve a corpus of 4 to 5 crores, it's essential to ensure diversification and periodic review of your investments.
Consider adding funds from different categories such as large-cap, mid-cap, and debt to diversify your portfolio further. Regularly reviewing your investment strategy and adjusting it based on market conditions and your financial goals is also crucial.
Consulting with a certified financial planner can provide personalized advice tailored to your specific situation and goals, helping you make informed decisions to achieve your retirement objectives.