I am a 37-year-old government employee and I want to create a corpus of approx Rs 4 crore on retirement -- ie after 20 years. My choice of funds for initial SIP of Rs 17,000 (annual step-up of 10%) is as follows -- Mirae Asset Hybrid equity Fund, Rs 6,800 (50%); Parag Parikh Flexi Cap Fund, Rs 3,400 (20%); SBI Focused Equity Fund, Rs 3,400 (20%); SBI Small Cap Fund, Rs 3,400 (20%).
I am not much interested in debt mutual funds as I am investing approx Rs 20k per month in PPF and I have a separate portfolio for my son's education expenses due after 15 years. Could you please guide on my choice of funds?