I am 38 years old from Mumbai. I would like to build a corpus of Rs. 5 crore in the next 12 years. My current corpus has already grown to Rs. 30 lakh with the below ongoing MFs.
1. Axis Midcap Fund - 10,000
2. Kotak Equity Opportunities Fund - 10,000
3. PGIM India Felxicap Fund - 10,000
4. SBI Flexicap Fund - 15,000
5. UTI Flexicap Fund - 20,000
6. Nippon India Smallcap Fund - 5,000
Will the above help to achieve my goal or are any changes required?
Ans: Corpus of 30 lakh and SIP of 70,000 can create a corpus of 3.6 cr