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Will these mutual funds help me to create Rs 2.5 crore in 20-22 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|
Jul 18, 2019, 10.56 AM IST
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new investors
I am 37 years old. I have been investing in the following mutual funds via SIP:

Kotak Standard Multicap Fund: Rs 5,000
UTI Nifty Next 50 Index Fund: Rs 2,100
L&T Midcap Fund: Rs 2,000
SBI Small Cap Fund: Rs 2,000

My investment horizon is 20-22 years. My goal is to create a corpus of Rs 2.5 crore. Please review my portfolio
--Sanjay Bharati

Gaurav Monga, Doirector, PxG Consultants, responds:


To create a corpus of Rs 2.5 crore in 22 years, your monthly investment should be around Rs 19,000, assuming a 12 per cent return, which is a moderate assumption as equities deliver between 12-14 per cent in the long run. With your current investments, you will be able to make around Rs 1.1 crore. Therefore, you need to increase your monthly investment to achieve your target.
(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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