Age-37. I am investing in mutual funds since Nov 2018. I am investing Rs 20000 per month in SIPs. I will increase my SIPs by 10-15% every year. Kindly suggest regarding how is my portfolio.
Goals:
I want Rs. 40 lakhs after 10 years in 2030 for my son’s education who is now 7 years old.
I want to accumulate Rs 3.5 to Rs 4 crores for my retirement corpus by March 2043 after 23 years & can I expect 12-13% returns from my these funds till 2043?
My portfolio:
- Parag parikh LTE–Multicap – 5000
- Kotak standard multicap- 5000
- SBI Small cap – 5000
- Mirae asset Midcap – 5000 (Total Rs 20000/month -SIP)
Also doing topups of Rs 1000-1500 during nifty50 falls
Kindly suggest which focused multicap is the best among these two (axis focused 25 or sbi focused equity)? I will increase my SIPs by 10-15% every year. At present my net loss is around -19% after 1 year 4 months of mutual fund investing. I am also willing to take risk to beat the rising inflation especially after my retirement in year 2043 march month.
Ans: | Name of the Fund | Category | RankMF Star Rating | Recommendation |
| Parag parikh LTE–Multicap – 5000 | Equity - Multi Cap Fund | 5 | Continue |
| Kotak standard multicap- 5000 | Equity - Multi Cap Fund | 2 | SmartSwitch to UTI Equity Fund - Growth |
| SBI Small cap – 5000 | Equity - Small Cap Fund | 1 | SmartSwitch to Axis ESG Fund Growth |
| Mirae asset Midcap | Equity - Mid Cap Fund | 3 | SmartSwitch to DSP Mid Cap Growth |
| axis focused 25 | Equity - Focused Fund | 5 | Continue |
| sbi focused equity | Equity - Focused Fund | 3 | SmartSwitch to Axis Focused 25 Growth |
With 10% to 15% increase annually, both goals are mostly achievable with a possibility of decent surplus over these goals.
Goal – 40 lakh after 10 years– Achievable
Goal – 3.5 to 4 Crs after 23 years – Achievable
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