I am 43 years old. I am investing in following funds through monthly SIPs.
1. Parag Parikh Flexi Cap - 3,000/-
2. Axis Bluechip Fund - 2,500/-
3. SBI Focused Fund - 1,500/-
4. SBI Small Cap Fund - 1,500/-
5. ICICI Technology Fund - 1,500/-
Additionally I have:
1,20,000/- in Mirae Emerging Bluechip,
35,000/- in HDFC Small Cap,
90,000/- in Kotak Flexi Cap
50,000/- in ABSL Banking& Fin Serand thus, till now accumulated around 8,50,000/-.
I need 30,00,000/- after 8 years. Please review my portfolio and advice if some changes are required. Also what is your advice on Axis Bluechip Fund which is not performing well.
Ans: Hello Biju Singh. Using your current sip and lump sum investment, you can achieve 30 lakh corpus in 8 years with an expected CAGR of 14%. As far as the amount is concerned, no modification is necessary.
In addition, I suggest that Axis Bluechip, HDFC Small Cap and Parag Parikh schemes be revisited with respect to their better peer schemes. I hope this resolves your concern.