I have been investing in MFs since a few years and my current MF portfolio is about Rs 9 lakhs with 26.5 per cent XIRR (individual rate of return).
I am 48 years old and want to set up Rs 2 crores for my retirement after 12 years.
Currently, I have these monthly SIPs for about Rs 39,000.
Please suggest if they need some changes and suggest better options, if any.
| Mutual Funds | Plan type | Amount |
| 1. Axis Bluechip Growth | Direct Plan | Rs 2,000 |
| 2. Axis Long Term Equity Growth | Direct Plan | Rs 3,000 |
| 3. HDFC Small Cap Growth | Direct Plan | Rs 3,000 |
| 4. ICICI Prudential US Bluechip Equity | Growth Direct Plan | Rs 5,000 |
| 5. IDFC Government Securities Investment Growth | Direct Plan | Rs 3,000 |
| 6. PGIM India Global Equity Opportunities Growth | Direct Plan | Rs 6,000 |
| 7. Parag Parikh Flexi Cap Growth | Direct Plan | Rs 2,000 |
| 8. SBI Banking & Financial Services Growth | Direct Plan | Rs 4,000 |
| 9. Tata Digital India Growth | Direct Plan | Rs 4,000 |
| 10. Tata India Pharma & Healthcare Growth | Direct Plan | Rs 3,000 |
| 11. Gold SIP | | Rs 3,000 |
Ans: Schemes are decent but there are too many.
XIRR of 26.5 per cent is very good. However, it is not sustainable in the long run.
Risk-free rate (10 year G-sec) + inflation and some alpha should be a reasonable expectation.
In 12 years, a monthly SIP of Rs 39,000 may create a corpus of Rs 1.5 crores @ 13 per cent interest rate.
