Will my mutual fund portfolio help me to create Rs 1 crore in 10 years?
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Mirae Asset Emerging Bluechip Fund: Rs 10,000 /month
IDFC Multi Cap Fund: Rs 10,000 /month
Reliance Small Cap Fund: Rs 10,000 /month
SBI Bluechip Fund: Rs 5,000 /month
Canara Robeco Emerging Equities Fund: Rs 7,000 /month
ICICI Prudential Value Discovery Fund: Rs 3,000 /month
I also have investments in DSP Top 100 Equity Fund (Rs 1.74 lakh; SIP discontinued in 2018). Please review my portfolio. Would it create a corpus of Rs 1 crore in the next 10 years? Currently, the accumulated corpus in these schemes is Rs 11 lakh. I have a high risk appetite.
Your mutual fund portfolio lacks focus. You are currently investing in two large & mid cap schemes, multi cap scheme, small cap scheme, large cap scheme, and value-oriented scheme. As you can see, only the large & mid cap scheme and small cap scheme are in line with your stated risk profile. A multi cap mutual fund scheme and value-oriented scheme are meant for moderate equity investors. A large cap scheme is meant for conservative equity investors. When you have high risk profile, you can invest in schemes with higher risk and earn higher returns. Of course, you can also add schemes with lower risk to diversify and bring down the overall risk in your portfolio. However, you should do it properly. Otherwise, the overall return from your portfolio would come down.
Assuming an annual return of 12 per cent, your monthly investment of Rs 45,000 along with the accumulated corpus of Rs 11 lakh will help you to accumulate a corpus of around Rs 1.40 crore in 10 years.