I am 31 and work in a public sector company. I would retire at the age of 60. My objective is long term fund accumulation. I am aiming to create a corpus of Rs 2 CR in next 18 years for children’s higher education and would like to create a corpus of Rs 2 CR in next 30 years for my retirement corpus.
Please advise if I am going in the right direction to achieve my target or if some changes are required. I have been making SIP investments as listed below since 3 months.
1. axis long term equity fund direct growth - 5K
2. uti flexi cap fund direct growth - 5K (annual top up 10 per cent)
3. mirae asset emerging bluechip fund- 2.5K
4. pgim midcap opportunities fund direct growth - 5K(annual top up 10 per cent)
5. hdfc nifty 50 index fund direct- 5K(annual top up10 per cent)
6. sbi focused equity fund direct growth - 3K(annual top up 10 per cent)
7. sbi small cap fund direct growth- 2K
8. hdfc small cap fund direct growth -2K(annual top up 10 per cent)
