I hope you're doing well. Thank you for providing your valuable insights. My query is:
I am looking to create a corpus of 10 crore for my daughter: for her studies 5 cr and wedding 5 cr. She is 10 months old, so her higher studies are ~17 years away and wedding ~25 years away.
I want Rs 10 cr for my daughter’s wedding and studies I am planning to invest 50-60k for this every month. Currently, SIPs are as following:
- SBI Magnum Global- 10,000
- Parag Parikh Flexicap- 7500
- PGIM India Midcap Opportunities - 7500
- Quant Absolute fund - 5,000
- SBI small cap fund - 5000
- Canara Robeco Flexicap - 5000
- HDFC Top 100 - 5000
- UTI Nifty 50 - 5000
- Parag Parikh Conservative Hybrid Fund – 5000
- Navi US Total Stock Market FoF - 5000
All are direct funds with growth option, invested using Growth.I have invested 1 SIP so far, so 60,000 is invested. Request your review and inputs on if I need to trim the fund count or change some funds.