I want to create a corpus of 5-10 cr in next 10 years. I started some sips in 2018 of small amount of 2k with a PPF of 1.5L annually. With this amount I have still now 19L as saved amount. Now I have paused my previous sips and started new sips with a financial firm. They are listed below:
1- IIFL focused Equity fund(G) - 130000 one time deposit from redemption of one earlier sips which was not performing well.
2- Canara Bluechip Equity fund(G) - 130000 one time deposit from redemption of one earlier sips which was not performing well.
3- SBI Contra(G) - 130000 one time deposit from redemption of one earlier sips which was not performing well.
4- IIFL focused Equity fund(G) - 25000rs SIP monthly started
5-Canara Bluechip Equity fund(G) - 25000rs SIP monthly started 6-SBI Contra (G) - 20000rs SIP monthly started
7- SBI Smal cap fund (G)- 10000rs SIP monthly 8- Canara Roberco Small cap- 10000rs SIP
I intend to save 90K to 1 L a month. What is the maximum corpus I can create with this saving in next 10 years?
Also PPF of 1.5L annually. I have a lump sum of 25L to 30L annual salary. Please suggest and guide me if I can do something more better. I have not redeemed all of my previous sips and effect of compounding is still on. With the withdrawal ones I have 9L plus 8.40L if PPF. Right now I'm 32 years and plan to retire at 45 to 50 looking for retirement planning. Please guide.
