I am 43 years old. Currently I have a Mutual Fund Corpus of Rs 39 Lakh.
My SIP Monthly Investments are as follows:
1) HDFC Midcap Opportunities Fund Direct Growth- Rs 10,000/-
2) HDFC Small Cap Direct
Growth - Rs 5,000/-
3) L&T Emerging Business Fund Direct Growth - Rs 5,000/-
3) L&T MidCap Direct Growth - Rs 5,000/-
4) Mirae Asset Emerging Bluechip Fund Direct Growth - Rs 15,000/-
5) Mirae Asset SnP 500 ETF Fund of Fund - Rs 20,000/-
6) Tata Hybrid Equity Fund Growth - Rs 5,000/-
Total Monthly SIP is Rs 70,000/- but of late the Mirae Asset SnP 500 SIP is on hold by them.
My target is a corpus of Rs 10 crore on my retirement which would be at 60 years.
Kindly advice if I need to increase my SIP or change any plans.