Will my mutual fund portfolio help me to create Rs 1 crore?


My investments in mutual funds are:
SBI Bluechip Fund: Rs 4,000
Axis Long Term Equity Fund: Rs 3,000
Aditya Birla Sun Life Tax Relief 96: Rs 2,500
Mirae Asset Tax Saver Fund: Rs 2,500
HDFC Small Cap Fund: Rs 1,000 (lumpsum every month)
SBI Small Cap Fund: Rs 1,000
Mirae Asset Emerging Bluechip Fund: Rs 2,000 (will start from July, next month)
Are these investments fine for Rs 1 crore in 10-12 years.
My investments are running from 3 years now. I have a medium risk profile.
–Akash Garg

If you have a moderate risk profile, you are not supposed to invest in small cap mutual fund schemes. These schemes are meant for aggressive investors with a large risk appetite and ability to withstand volatility. Similarly, even a large & mid cap scheme like Mirae Asset Emerging Bluechip Fund is meant for investors with a higher risk appetite, as it is mandated to invest 35 per cent of the corpus in mid cap stocks.

We typically ask investors with moderate risk profile to invest mostly in multi cap mutual fund schemes. They can also invest a part of the corpus in large cap mutual fund schemes or aggressive hybrid schemes to diversify and reduce the overall risk in their portfolio. Most tax saving schemes follow a multi cap strategy. Consult a mutual fund advisor near you to sharply focus your portfolio in with your investor profile.

You should identify your financial goals and try to put together an investment plan. A round figure like Rs 1 crore may not be sufficient to take care of your financial goals.

Assuming an annual return of 12 per cent, you should invest around Rs 43,000 every month to create Rs 1 crore in 10 years.





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