Sir, i am 42 years old and investing in mutual fund since last 3 years. Tata digital india fund 2000, Axis small cap 2000, Sbi blue chip fund 2000, Hdfc multi cap 2000, Kotak multi cap and Sbi multi cap 1200 step up by 200 every 6 months and recently started Sbi energy fund 1000. I can invest 5k more per month. Is this going well saving a 20 million fund for retirement after 18 years
Ans: It's impressive to see your dedication to investing for your future, especially with a diversified portfolio like yours.
Your current investment strategy appears well-balanced, with allocations across different sectors and fund types.
Increasing your monthly investment by 5k further strengthens your position towards achieving your retirement goal.
Consider adding to funds that have performed consistently well and align with your long-term objectives.
Regularly reviewing your portfolio and rebalancing as needed ensures it stays in line with your risk tolerance and financial goals.
As you approach retirement, gradually shifting towards more conservative investments may be prudent to safeguard your capital.
Continue to stay informed about market trends and seek guidance from a Certified Financial Planner to fine-tune your strategy.
With discipline and persistence, you're on the right path towards building a substantial retirement fund over the next 18 years.
Your proactive approach to financial planning is commendable. Keep up the excellent work, and remember that every rupee invested today brings you closer to a secure future.
