Hi ulhas,
I am rohit, 37yrs, my horizon is 10-11yrsand goal is 3cr as retirement.
Started MF from last 6months, 1Lakh per month SIP in below funds
Quant small cap-40k
Quant infra -20k
Motilal mid cap-20k
Icici FoF - 10k
SBI long term ELSS-10k
Please suggest whether i can continue Investment
Ans: Hello Rohit & thanks for writing to me.
The funds you have selected are good, however assuming a 12% XIRR, you may not be able to generate a generate a 3 Crore corpus & will have to increase your SIP by Rs.30,000 to Rs.1.3 Lakh every month.
You can also consider stopping investments in the sectoral funds & FoF's and instead invest in flexicap and multicap funds. Flexicap funds & multicap funds have flexibility to invest across sectors.