Hello sir,
I invest around 70k in MF every month, but my MF investments are mostly in Equity funds and in multiple different funds , some of them the SIP amount is as low as 1000 Rs a month. Am I loosing money by making such low investments in multiple funds as compared to investing larger money in selected funds? Is it possible to achieve 2Cr if the investment horizon is 10years?
Ans: Investing in multiple funds with low SIP amounts can result in higher portfolio management fees and may not provide optimal returns. Consider consolidating your investments into fewer funds with higher SIP amounts for better diversification and potentially lower fees. Achieving 2 crores in 10 years is feasible with a disciplined approach, higher SIP amounts, and investments in growth-oriented funds aligned with your risk profile. Regularly review and adjust your portfolio to stay on track towards your financial goals. Consulting a financial advisor can provide personalized guidance based on your specific circumstances.