I am investing 22,200 every month in Mutual Fund in following SIP
1. Mirae Asset Large & Midcap Fund - 2000 per month [SIP of 1000 every 15 days]
2. SBI Magnum midcap Fund - 4000 per month [SIP of 1000 Weekly]
3. Tata Nifty 50 index Fund - 2200 per month [SIP of 1100 every 15 days]
4. Zerodha Nifty LargeMidcap 250 Index Fund - 400 per month [SIP of 100/- per week]
5. Kotak Emerging Equity Fund - 2000 per month [SIP of Weekly 500/-]
6. Axis Small Cap Fund - 2800 per month [SIP of Weekly 700/-]
7. Kotak Small Cap Fund - 2800 per month [SIP of weekly 700/-]
8. Quant Active Fund - 2000 per month [SIP of 1000 every 15 days]
9. Parag Parikh Flexi Cap Fund - 4000 per month [SIP of Weekly 1000/-]
Please suggest if some correction is needed.
Also How can I build corpus of 1 Cr. in 12-15 Years time span.
Ans: To build a corpus of 1 crore in 12-15 years, consider the following suggestions:
Evaluate your current SIP portfolio: Review the performance and overlap of your existing funds. Ensure that you have a well-diversified portfolio across different market segments and investment styles.
Optimize your SIPs: Assess the frequency and amount of your SIPs to ensure they align with your investment goals and risk tolerance. Consider consolidating SIPs into fewer funds to reduce complexity and transaction costs.
Increase SIP contributions: If possible, consider increasing your SIP contributions over time to accelerate wealth accumulation. Regularly review your budget and financial situation to determine if you can afford to increase your investment amounts.
Explore additional investment avenues: Consider diversifying your portfolio by adding other asset classes such as debt funds, real estate, or alternative investments based on your risk appetite and investment horizon.
Monitor and adjust: Periodically review your investment portfolio and make adjustments as needed based on changes in market conditions, financial goals, and personal circumstances. Stay disciplined with your investment strategy and avoid making emotional decisions during market fluctuations.
Consulting with a financial advisor can provide personalized guidance and help you develop a comprehensive investment plan tailored to your specific needs and objectives. They can also assist you in implementing strategies to achieve your target corpus of 1 crore within the desired time frame.
