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Mutual funds to create Rs 50 lakh in 15 years

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

ET Online|
Nov 21, 2019, 03.05 PM IST
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Mutual fund combination
I am 29 years old. I am planning to invest Rs 10,000 per month in mutual funds to build a corpus of Rs 50 lakh in 15 years. I am planning to invest in Kotak Standard Multicap Fund (Rs 2,000), Axis Bluechip Fund (Rs 3,000), L&T Midcap Fund (Rs 2,000), Mirae Asset Emerging Bluechip Fund (Rs 3,000). Is my mutual fund portfolio good?
--Deepesh Warkade

Deepali Sen, Founder, Srujan Financial Advisors, responds:

You have not mentioned your risk profile. If you are a moderate to aggressive risk taker, your choice of funds, diversification and the amount of investment every month is fine. You can go ahead and invest. I would advise you to stay invested in equity mutual funds for at least seven years. Review your portfolio every year. I hope you have invested in debt mutual funds for emergency purpose and for your short term goals (less than 2 years). Also, invest in medium term debt funds for your goals between two to seven years.
(If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.)

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