Sir, Kindly give your expert opinion regarding my monthly mutual fund investments of Rs. 28000 (all SIPs) I have been doing for the last 4 years. I am 39 yr old. I want to create a corpus of around 2 Crore in the next 15 years. Your expert opinion will be appreciated.
1. HDFC Children's Gift Fund - (Lock-in) - Regular Plan - Rs. 10000.
2. ICICI Prudential Midcap Fund - Growth - Rs. 5000
3. ICICI Prudential Multicap Fund - Growth - Rs. 2000
4. Axis Bluechip Fund - Regular Growth - Rs. 4500
5. Axis Focussed 25 Fund - Regular Growth - Rs. 2000
6. SBI Focussed Equity Fund - Regular Growth - Rs. 4500
Ans: Hello Kapil. As per your current portfolio & requirements, I suggest AMC & Category diversification, along with reshuffling your portfolio. It would be worth considering ICICI Pru Midcap Fund SIP in comparison to better schemes in the same category.
Your current monthly sip is sufficient for 2 CR Corpus without inflation adjustment. Your sip amount might need to be increased to 78k if you envision your corpus with inflation adjusted.