My current portfolio is approx 45 Lac in PF, 5 Lac in NPS another 35 Lac in different MF & direct stocks, I am currently investing: 1) PF - Rs 42000 (Including company contribution) 2) NPS - Rs 22000 3) Aditya Birla Sun Life Focused Fund - Growth-Regular Plan - Rs 3000 4) Kotak Small Cap Fund - Direct Plan- Growth - Rs 7000 5) PGIM India Midcap Opportunities Fund - Direct Plan - Growth - 7000 6) Tata Digital India Fund Direct Plan Growth - Rs 10000 7) Nifty50 index fund - Rs 17500 8) Direct Stocks - Rs 10000 9) PGIM India Large cap Opportunities Fund - Direct Plan - Growth - Rs 4000 My goal is around 5 Cr in the next 9-10 years. Kindly advise, I can increase my monthly contribution if needed
Ans: To achieve 5 Cr in 9-10 years, your current investments need to be reviewed and possibly increased. Here's a brief analysis:
PF & NPS: These are good long-term savings. Ensure you're invested in equity-oriented options within NPS for better returns.
MFs & Direct Stocks: Diversified portfolio, but ensure it aligns with your risk profile.
MF SIPs: Consider increasing SIP amounts annually by at least 10-15% to match inflation and meet your goal.
Direct Stocks: Risky, ensure proper research or consider shifting to diversified mutual funds.
New Investments: You can increase monthly contributions across MFs and consider adding more to equity funds for better growth potential.
Review and rebalance your portfolio annually to align with your financial goals and risk tolerance. Consult a financial advisor for personalized advice.
