Need your advice on following mutual funds currently investing on the following. Kindly note I need to make a corpus of 30 lakh within a span of 5 to 6 years. Will this be sufficient or should I invest more? If yes, kindly suggest some good ones and amount to be invested in each accordingly.
How much monthly contribution helps in reaching the target? Kindly provide me with a permanent portfolio which I need not turn back further. Like long term, medium term and short term with amount to be invested in each with your shortlisted funds.
Uti flexi Cap fund =1000/ month
Axis long term fund growth=500/month
Axis 100 index fund =500/ month
Existing portfolio not invested further on below mentioned funds.
Sbi blue-chip fund 20000 invested (to continue or not existing from past 6 years
Aditya Birla sunlife 96=20000 invested (not investing as of now existing from 5 years)
Other than this I am investing in PPF 2000/month.
Ans: For a corpus of Rs. 30 lakhs in 5 -6 years, the monthly investment required is Rs. 30000 to Rs. 35000. There is no permanent portfolio. We need to review as our hard earned money is invested.
Few funds that can be considered are:
1. UTI flexi cap fund – Growth.
2. Parag Parikh Flexi cap - Growth
3. Samco Flexi Cap – Growth
4. Axis Esg Equity Fund Regular Growth
5. Hdfc Index Fund - Sensex Plan - Growth