I am 30 years old. I am investing in Mutual funds from 2013. I have started SIPof Rs. 2000/- in Sundaram Mid Cap fund – Gr; also have some investment in below funds
1. HDFC Mid cap Opportunities
2. AXIS Mid cap funds
My target is to achieve 2-3 crores at retirement age.
Kindly guide me if any changes required.
Ans: To create a corpus of Rs. 2-3 crs in 30 years the monthly investment required is Rs. 4,500 -Rs 6,500 respectively.
It’s better to have a flexi cap, mid cap and a small cap fund