I am 38 years old; I need your advice on how much corpus can be made with the following investments after 20 years; also please advise whether I need to stop/switch/step up any of the following mutual fund investments for next 20 years, below is my investment portfolio:
1. PPF every month 12500 (started on Apr 2017)
2. Sukankya Samriddhi Yojana every month 12500 (started on May 2018 but for FY 2018-19 only Rs 20000 was deposited, after that from Apr 2019 onwards, Rs 12500 is deposited every month)...this is for my 4 year old daughter
3. Mutual funds (Started in Nov 2019): Rs 20000 SIP monthly, following 10 funds: Rs 2000 each
3.1 Axis Bluechip Fund -Regular Plan - Growth, total amount invested so far RS 29000
3.2 Canara Robeco Blue Chip Equity Fund, total amount invested so far RS 29000
3.3 MIRAE ASSET EMERGING BLUECHIP REGULAR GROWTH, total amount invested so far RS 24000
3.4 HDFC Multi Cap Fund - Regular Plan - Growth Option, total amount invested so far RS 24000
3.5 HDFC Developed World Indexes Fund of Funds - Regular Plan - Growth Option, total amount invested so far RS 24000
3.6 ICICI Prudential NASDAQ 100 Index Fund - Growth, total amount invested so far RS 24000
3.7 L&T INFRASTRUCTURE FUND, total amount invested so far RS 29000
3.8 PARAG PARIKH FLEXI CAP FUND -REGULAR PLAN, total amount invested so far RS 29000
3.9 UTI NIFTY 50 INDEX FUND-REGULAR PLAN-GROWTH, total amount invested so far RS 24000
3.10 TATA DIGITAL INDIA FUND-REGULAR PLAN-GROWTH, total amount invested so far RS 24000
4. HDFC Life click 2 wealth Investment Rs 5000 monthly with discovery fund for 10 years (started in Nov 2019), total amount invested so far RS 45000
Ans: There sufficient diversification as far as asset allocation is considered.
In mutual funds the schemes are also fine, but too many!
The corpus that will get created by mutual funds in 20 years with monthly Investment of Rs 20000 is Rs 2.6 crore.
