I am 36 years and working in the Private Sector. I am planning to achieve a corpus of 5 CR
in the next 15 years. Have been investing in the below mutual funds for the past 3 years. Would like to get your suggestion/advice:
- If the categories (diversification - small/Medium/Large/Flexi) invested in are good enough? Or additional categories would be required for a balanced portfolio.
- Amount invested would suffice to achieve the goal or additional step-ups required? Any reallocation is required?
- Have an additional amount of 5 Lakh. In which category/mutual fund can this be invested?
Thanks for your suggestion in advance!
Quant Tax Plan - Direct Growth (ELSS): 3000
Kotak Flexicap Fund - Direct Growth: 1500
Mirae Asset Emerging Bluechip Fund - Direct Growth: 2500
Mirae Asset Hybrid Equity Fund - Direct Growth: 4000
Quant small cap Fund -Direct Plan - Growth: 5000
ICICI Prudential Bluechip Fund Direct- Growth: 5000
Ans: Hi Sandeep B. It appears that your portfolio is in good shape. I recommend reconsidering Kotak AMC and switching to a better alternative peer scheme. Mid cap categories may be included in your portfolio.
For a corpus of 5 cr in 15 years, the sip will be 70k per month. Try adding on to current sips semiannually or annually if 70k isn’t possible.
For lump sum investment, you may consider Mirae Asset Hybrid Equity Fund, Quant small cap Fund and ICICI Prudential Bluechip Fund.
