I am 32 years old and started investing in SIP from the year 2022 onwards. I am investing 36500 per month but there are too many funds and want to reduce it to a minimum number of funds. I am planning to create a corpus of around 5 CR at the end through this and invest for the next 20 years.
Please suggest what changes/merges I should make. Also do I need to increase the SIP amount to reach this goal.
1. Parag Parikh Flexi Cap - 5000
2. Axis Growth Opportunities - 2000
3. Axis Triple Advantage - 3000
4. Mirae Asset Emerging Bluechip - 2000
5. Sundaram Equity Savings - 1000
6. SBI Small Cap - 5000
7. SBI Focused Equity - 2500
8. Canara Robeco Emerging Equities - 5000
9. PGIM India Midcap Opportunities - 200
10. DSP Quant Fund - 2500
11. DSP Focus Growth - 2500
12. HDFC Nifty 100 Equal Weight Index Fund - 2000
13. HDFC Tax Saver – 2000
Ans: All are good funds; you may stop 5, 11 & 12 to begin with.
With a monthly investment of Rs 36.5 K the corpus of Rs 4.2 cr can be created.
