Dear Sir, I am 50 yrs old. I wish to invest in the following mutual funds:
1. Mirae Asset Tax Saver Regular Growth- 5000
2. PGIM Midcap Opportunities Regular Growth- 5000
3. Parag Parikh Flexicap Regular Growth- 5000
4. SBI Technology Regular Growth- 5000
5. BOI AXA- 5000
6. KOTAK SMALL CAP- 5000
7. PGIM SMALL CAP- 3000
8. Icici Value Fund Regular Growth- 3000
Lump sum:
1. DSP Natural Resources Regular Growth- 32000(2022)
2. Tata resources and energy fund-25000(2022)
3. SBI Magnum Regular Growth-125000(2009)
4. SBI Contra Regular Growth- 80000(2009)
I wish to build a corpus of 2 crores in 10 years.
Kindly guide if my selection of mutual funds is fine and kindly suggest If I should merge/discontinue some funds.
Ans: Hello Meena, Your selected portfolio is well diversified and looks good. If you wish to build corpus of 2 Cr in next 10 years, I would suggest to add-on with your current sip investments to 70 k to achieve your goal or you can add on some funds annually to reach to sip investments of 70 k.
Also, I would recommend to change some of the schemes like BOI AXA & PGIM SMALL CAP to other schemes in same category.