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    Will these mutual funds help me to create Rs 7 crore?

    Synopsis

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

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    I am 32 years old and have a moderate to high risk appetite. I am currently investing Rs 30,000 per month in the following mutual fund schemes via SIP:
    Aditya Birla Sun Life Tax Relief 96: Rs 5,000 per month
    Aditya Birla Sun Life Focused Equity Fund: Rs 5,000 per month
    Motilal Oswal Multicap 35 Fund: Rs 5,000 per month
    L&T Midcap Fund: Rs 5,000 per month
    Principal Emerging Bluechip Fund: Rs 5,000 per month
    SBI Small Cap Fund: Rs 5,000 per month

    My goals are:
    Rs 75 lakh after 20 years
    Rs 7 crore after 23 years

    Is this mutual fund portfolio good to achieve my goals or should I make any changes?
    --Siddhartha Tiwari

    Shweta Jain, Founder, Investography, responds:


    You need to invest Rs 7,600 per month to achieve your target corpus of Rs 75 lakh after 20 years, assuming an annual return of 12%. To get Rs 7 crore, you need to invest Rs 48,000 per month for 23 years.

    You are investing Rs 30,000 per month. Slowly and steadily increase your monthly investment to achieve the target amount and stay invested for the entire tenure to achieve your goals. The portfolio has a good combination of large cap and mid cap schemes. You can continue to invest in them.
    (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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