Below are the details of my portfolio. I need your assessment if I am on track.
Name of funds:
Mirae Asset Large Cap fund - Monthly SIP INR 4000/- since Jan 2020.
Current value INR 80896/-
Axis Bluechip fund - Monthly SIP INR 2000/- since Jan 2020.
Current value INR 36547/-
Tata India Tax Savings fund - Monthly SIP INR 2000/- since July 2017.
Current value INR 1.23 lakh/-
Kotak Flexi Cap fund - Monthly SIP INR 2000/- since Jan 2020.
Current value INR 32652/-
Parag Parikh Flexi Cap fund - Monthly SIP INR 2000/- since Feb 2021.
Current value INR 6292/-
Besides that, I invest in below as well:
Sukanya Samriddhi Yojana - INR 12500/- monthly since 2020.
NPS - INR 12500/- in Tier 1 since 2014 & INR 12500/- in Tier 2 since 2021
FD - INR 20 lakhs since Jan, 2019 @ 5.25% interest.
Goals:
1- Daughter’s higher education:
17 years away, Amount needed around 1 crore
2- Daughter’s marriage:
26 years away, Amount needed around 1.2 crore
3- Retirement:
31 years away, Amount needed around 8 crore
Ans: Funds are good, however with current Investments 1 and 2nd Goal can be achieved, however to achieve 3 additional Investment is required.
i.e. for 1 crs in 17 years , Investment required is Rs. 15,000 per month
for 1.2 crs in 26 years, additional Investment requirement is Rs. 4000 per month
For Retirement 8 crs in 31 years, additional Investment required is Rs. 16,000 per month
Therefore total monthly investment required to achieve all targets are Rs. 35000 per month
