I am 43 years old.
I am a government employee and do not have much bank balance.
I want to create wealth of Rs 1 cr in 17 years as a part of my retirement benefit.
At present, I am investing a total of Rs 5,600/month in these SIPs.
Mutual Funds | Plan type | Amount |
1. Axis ESG Equity Fund | Growth | Rs 1,000/month |
2. Axis MF Bluechip Fund | Growth | Rs 500/month |
3. Axis Midcap Fund | Growth | Rs 500/month |
4. UTI Small Cap Fund | Growth | Rs 1,000/month |
5. UTI Flexi Cap Fund | Growth | Rs 500/month |
6. PGIM India Flexi Cap Fund | Direct, growth | Rs 600/month |
7. Principal Focused Multicap Fund | Growth | Rs 500/month |
8. Aditya Birla Sun Life ESG Fund | Growth | Rs 500/month |
9. DSP Quant Fund | Growth | Rs 500/month |
Please tell me whether the funds I chose are the right ones to provide wealth in the long term.