I am 30years old and a salaried class. My current Investments are around 23000 pm. My financial goal is a higher corpus for my retirement. I want to know how much corpus can be achieved from my investment. My investments are as follows:
Axis Long term equity-2000
Parag parikh flexi cap-3000
Kotak Tax saver Reg Growth-2000
Quant small cap fund-3000
SBI banking & financial services fund-2000
Quant infrastructure fund-2000
Quant tax plan direct Gr-2000
Tata small cap fund-1000
Kotak small cap fund-1000
Axis midcap direct plan-1000
BOI small cap fund-1000
Axis Small cap fund-1000
Canara robeco bluechip equity fund-1000
Quant absolute fund-1000
Dsp banking and Psu debt fund-1000
Icici prudential technology direct plan hr-1000
Please let me know if any changes to be made. Thanks in advance
Ans: Hello Raviteja Natti. There seems to be over-diversification in your portfolio, which may have a negative effect in the long run. AMCs like Parag Parikh, Tata, and BOI can be reconsidered for portfolios. Also, your portfolio needs to be reconcised and reshuffled. The number of schemes recommended per category is limited to two if there are few categories. Furthermore, with 23000 monthly sip, you may achieve a corpus of 53-60 lakh in 10 years with 12-14% CAGR.