I have below investment in MFs and I want to accumulate 3 crore by 2030, I want to invest 50K monthly (currently 27500 SIP and rest lump sum invest in other funds based on condition).
Please suggest if to continue or shift to other options. Also any new funds to add to have aggressively diversified portfolio.
| MF Name | Avg. NAV | Amount Invested | No. of Units | Current Value | Invest mode |
| Nippon India Gilt Securities Fund (Growth) | 29,81 | 25000,00 | 838,711 | 25018,08 | Lump sum |
| Nippon India Income Fund (Growth) | 67,54 | 95000,00 | 1406,554 | 98488,46 | 5000 SIP (monthly) |
| Axis Bluechip Fund - Growth | 31,18 | 160000,00 | 5130,554 | 198603,74 | 10000 SIP (monthly) |
| Axis Multicap Fund - GROWTH | 12,44 | 95000,00 | 7633,650 | 118550,58 | Lump Sum |
| Kotak Gold fund growth | 20,58 | 17500,00 | 850,325 | 15735,18 | Lump sum |
| Kotak NASDAQ 100 Fund of Fund- Growth | 9,88 | 25000,00 | 2529,782 | 23889,74 | Lump sum |
| Mirae Asset Emerging Bluechip Fund - Growth Plan | 56,91 | 107500,00 | 1888,862 | 147234,90 | 2500 SIP (monthly)
it was 10K SIP, but reduced later by MF house |
| Mirae Asset Large Cap Fund- Growth Plan | 52,24 | 75000,00 | 1435,544 | 93987,94 | 5000 SIP (monthly) |
| NIPPON INDIA MULTI ASSET FUND-GROWTH PLAN | 10,51 | 50000,00 | 4758,436 | 53394,41 | Lump Sum |
| | | 650000,00 | | 774903,03 | |
Ans: Rs 1,20,000 investment in equity oriented funds per month is required to create a corpus of Rs 3 cr in 10 years.
Both schemes of Axis and Mirae along with Kotak Nasdaq are good schemes to be continued
Debt funds will not be able to generate the kind of returns required to achieve the corpus
