I am presently doing a monthly SIP of Rs 60,000 in following funds and increase it every year by 10%. Kindly suggest me whether I am on right track or need some changes as my target is to generate at least Rs 12 crore in next 20 years for my retirement & daughter’s marriage.
- ICICI Bluechip Fund- Rs.3000
- ICICI Value Discivery-Rs.3000
- ICICI Mid Cap-Rs.2000
- ICICI Multicap- Rs.2000
- Motilal Oswal Multicap-35 – Rs.7000
- Motilal Focussed 25- Rs.2500
- Mirae Asset Large Cap-Rs.6000
- HDFC Balanced Advantage-Rs.8000
- Kotak Standard Multicap-Rs.6000
- Franklin Smaller Companies Fund- Rs.6000
- Axis Long Term Equity Fund-Rs.15000
Also investing about Rs 4,00,000/annum in NPS, ULIP, LIC & FDs.
| Name of the Fund | Category | RankMF Star Rating |
| A. ICICI Bluechip Fund- Rs.3000 | Equity - Large Cap Fund: | 2 |
| B. ICICI Value Discivery-Rs.3000 | Equity - Value Fund: | 2 |
| C. ICICI Mid Cap-Rs.2000 | Equity - Mid Cap Fund: | 2 |
| D. ICICI Multicap- Rs.2000 | Equity - Multi Cap Fund: | 2 |
| E. MotilalOswal Multicap-35 – Rs.7000 | Equity - Multi Cap Fund: | 5 |
| F. Motilal Focussed 25- Rs.2500 | Equity - Focused Fund | 5 |
| G. Mirae Asset Large Cap-Rs.6000 | Equity - Large Cap Fund: | 4 |
| H. HDFC Balanced Advantage-Rs.8000 | Hybrid - Balanced Advantage | 4 |
| I. Kotak Standard Multicap-Rs.6000 | Equity - Multi Cap Fund: | 4 |
| J. Franklin Smaller Companies Fund- Rs.6000 | Equity - Small Cap Fund: | 1 |
| K. Axis Long Term Equity Fund-Rs.15000 | Equity - ELSS | 5 |
