I am a 34 years old aggressive investor. I am currently investing Rs 60,400 per month in the mutual fund schemes mentioned below for close to 2 years now. Kindly let me know if I can continue this portfolio for long term investing (10-20 years). My long term goals are buying a house in a non-metro city and retirement.
I also have EPF and NPS investment which would get me min. 2.5cr by the age of 60. However, I would like to be financially independent by age 50.
- Thematic-Pharma -- Mirae Asset Healthcare Fund -- 8000
- Others - Fund of Funds -- Edelweiss Greater China Equity Offshore Fund - Direct Plan -- 4000
- Large Cap -- Axis Bluechip Fund -- 10,000
- Mid Cap -- Axis Midcap Fund – 10,000
- Focussed -- SBI Focused Equity Fund – 10,400
- Small cap -- Axis small cap -- 8000
- Index -- UTI Nifty Momentum30 – 10000
Ans: Rs 60,500 monthly investment can create a corpus of Rs. 4.25 crs in 16 years.
The funds are decent, please continue.