I am 33 year old & investing in MF from the last 5 years which have accumulated 20 lacs (market value) in my portfolio as on date. Currently I am investing 40000 PM through SIP route & my current portfolio is:
ELSS:
1. Axis Long Term Equity- Direct Growth - 5000 SIP Monthly
2. DSP Tax Saver- Direct Growth - 5000 SIP Monthly
Large Cap:
1. HDFC Index Fund Sensex Plan- Direct Growth - 5000 SIP Monthly
2. Axis Bluechip- Direct Growth - 5000 SIP Monthly
Mid Cap:
1. HDFC Mid-Cap Opportunities- Direct Growth - 5000 SIP Monthly
2. Mirae Asset Emerging Bluechip- Direct growth- 2500 SIP Monthly
Small Cap:
1. SBI Small Cap- Direct Growth - 5000 SIP Monthly
2. DSP Small Cap- Direct Growth - 5000 SIP Monthly
Thematic:
1. ABSL Banking & Financial Services- Direct Growth- 2500 SIP Monthly
Liquid:
1. ABSL Liquid Fund- 2 Lacs LumSum for emergency use
I want to accumulate 1.5 crore at the age of 40 & expecting 15-18% CAGR for next 7 years from my current investment. Please guide me whether I am on the right track or do I need to make any changes in my portfolio?
I can increase my by 5% each year.
Ans: Please continue as planned; however, keep the expectation of returns between 12% and 15%.
Basic thumb rule is risk free returns (10 years govt bond returns) + inflation + equity risk premium