Dear Sir,
I am Yuvaraj Natarajan. Have invested in the following SIP's.
1. Axis Mid Cap Fund - 5000
2. ICICI Prudential Bluechip large Cap Fund -5000
3. Mirae Asset ELSS Tax Saver Fund - 5000
4. Motilal Oswal Midcap Fund - 5000
5. SBI Small Cap Fund - 5000
6. Tata Focesed Equtiy Fund -3000
28k/month. To accumulate 75L+ in the next 10 years are these the correct ones.
Please advise.
Ans: Yuvaraj, good on you for taking charge of your future! Six SIPs, that's a well-diversified basket, like a wise investor carrying a basket of exotic fruits – a good mix for long-term growth!
It's fantastic that you have a clear goal – accumulating 75 lakhs in 10 years. While predicting the market perfectly is like trying to hold on to a monsoon cloud, your chosen SIPs seem like a good starting point.
Here's the thing: To reach your mountain peak, you might need a map and a guide. A certified financial planner can be your financial Sherpa! They'll analyze your SIPs (a mix of mid, large, small-cap, and ELSS – that's comprehensive!), your risk tolerance, and suggest any adjustments needed to reach your summit.
Remember, a 10-year horizon gives your investments time to weather ups and downs. Stay focused, keep those SIPs flowing, and with careful planning, you might just reach your 75 lakh target and celebrate with a taste of those exotic fruits from your investment basket!
