I am 35 years old. I want to build a corpus of 2-3crore over a period of next 10 years. Currently I am investing Rs 42,000 every month. Could you please suggest my current SIP is good or not and also if further investment required?
My current SIP:
1. Parag Parikh Flexi Cap Fund Direct Growth - 9000.
2. Mirae Asset Emerging Bluechip Fund Direct Growth - 9000.
3. Axis Midcap Direct Plan Growth - 7000.
4.SBI Multicap Fund Direct Growth - 6000.
5. Axis Bluechip Fund Direct Plan Growth - 6000.
6. Nippon India Flexi Cap Fund Direct Growth - 5000.
Please suggest and help.
Ans: With investment of Rs 42,000 per month the corpus that can get created is Rs 1.1 crore in 10 year.
No need to add any new funds, you can increase investment in same schemes or do annual step up .