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Is my mutual fund portfolio on the right track?

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ET Online|
Sep 20, 2019, 03.53 PM IST
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I have been investing Rs 10,000 per month in the following mutual fund schemes through SIP:
SBI Bluechip Fund: Rs 3,000
DSP Midcap Fund: Rs 2,000
SBI Small Cap Fund: Rs 2,000
ICICI Prudential Nifty ETF: Rs 3,000

I am 29 years old and my investment horizon is long term, say, 15 to 20 years. Is my mutual fund portfolio on the right track?
--Shahbaz Akhtar

Veena Malgonkar, certified financial planner, KM Wealth Solutions, responds:

Investing through an SIP is a great way to maintain investment discipline. You have also chosen diversified category of funds to build a portfolio.

Assuming an annual return of 12 per cent, you should have a corpus of Rs 50 lakh at the end of 15 years. If you invest for five more years, that is, for 20 years, then you would accumulate a corpus of Rs 1 crore.
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