With Rs 15,000 monthly SIP, can I build a corpus of Rs 1.5 crore in 14 years?
Empower your mind, elevate your skills
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.Your decision to invest systematically through equity funds for your child's education is a good start. However, you are likely to fall short of the target corpus of Rs 1.5 crore with your current SIPs of Rs 15,000 a month over 12-14 years, unless the returns exceed 13% annually. Hence, you should consider increasing your monthly investment and also invest 20% in a good mid-cap or small-cap fund for higher growth potential over the next 10 years. You could replace one of your large-cap funds with a multi-cap fund, and one of the flexi-cap funds with a midcap or small-cap fund. Review your portfolio every year to check if it is progressing towards your financial goal, rather than reacting to short-term market fluctuations.Your current systematic investment plans (SIPs) are well-structured and offer good diversification across large-cap, mid-cap, small-cap, flexi-cap, multi-cap, and index categories, along with the fund's investing style. Funds like Parag Parikh Flexi Cap, UTI Nifty 50 Index, and Mirae Asset Large & Midcap provide a strong foundation with a mix of long-term stability and growth potential. However, there is some overlap, particularly in the mid-cap space, with HDFC Mid Cap and SBI Magnum MidCap. You may consider continuing with just one to avoid redundancy. Quant Multi Cap, though aggressive and tactical, delivers returns only in momentum-driven markets, but comes with high short-term volatility. If you're looking to increase your SIP amount, it may be more effective to add to funds like Parag Parikh Flexi Cap, Mirae Large & Midcap and HDFC Midcap Fund for longer periods. Overall, your portfolio is on the right track, and with a few tweaks, it can be optimised further for growth and stability.Have a question for the experts? etwealth@timesgroup.com
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How can my father invest Rs 35 lakh from his retirement corpus to get regular income with minimal risk?
Academy Empower your mind, elevate your skills Your father can consider a combination of Senior Citizens' Savings Scheme, RBI Floating Rate Bond and the Parag Parikh Conservative Hybrid Fund mentioned by you. If he wants lower volatility, it is better to have equity savings funds than balanced advantage a life expectancy of 90 years, 7% inflation, and 9% post-tax return (11-12% pre-tax) from your portfolio, you'll need a retirement corpus of Rs 8.4 crore to sustain an inflation-adjusted income of Rs 3 lakh per month. The good news is that your projected corpus of Rs 11 crore offers a healthy margin of safety. Your goal should be to preserve this capital while aiming for 10-12% long-term returns. Avoid taking unnecessary risks that could disrupt your financial stability. To achieve this, consider allocating 40-60% to equity, 15% to gold, and the rest to debt instruments, assuming long-term returns of 14%, 10%, and 7%, respectively. For equity, invest in three four flexi-cap mutual funds, which offer dynamic allocation across large, mid, and small caps. These are also more tax- and cost-efficient. For the debt portion, you can rely on annuity from the NPS, interest from the Senior Citizens' Savings Scheme, and short- to medium-term debt or arbitrage funds, from which you can initiate a systematic withdrawal plan (SWP). Gold remains a crucial hedge against global uncertainty. Stick to your asset allocation strategy and rebalance periodically. You may also opt for direct mutual fund plans to boost returns by saving on commissionsHave a question for the experts? etwealth@
Time of India
6 days ago
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With Rs 15,000 monthly SIP, can I build a corpus of Rs 1.5 crore in 14 years?
Academy Empower your mind, elevate your skills Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right decision to invest systematically through equity funds for your child's education is a good start. However, you are likely to fall short of the target corpus of Rs 1.5 crore with your current SIPs of Rs 15,000 a month over 12-14 years, unless the returns exceed 13% annually. Hence, you should consider increasing your monthly investment and also invest 20% in a good mid-cap or small-cap fund for higher growth potential over the next 10 years. You could replace one of your large-cap funds with a multi-cap fund, and one of the flexi-cap funds with a midcap or small-cap fund. Review your portfolio every year to check if it is progressing towards your financial goal, rather than reacting to short-term market current systematic investment plans (SIPs) are well-structured and offer good diversification across large-cap, mid-cap, small-cap, flexi-cap, multi-cap, and index categories, along with the fund's investing style. Funds like Parag Parikh Flexi Cap, UTI Nifty 50 Index, and Mirae Asset Large & Midcap provide a strong foundation with a mix of long-term stability and growth potential. However, there is some overlap, particularly in the mid-cap space, with HDFC Mid Cap and SBI Magnum MidCap. You may consider continuing with just one to avoid redundancy. Quant Multi Cap, though aggressive and tactical, delivers returns only in momentum-driven markets, but comes with high short-term volatility. If you're looking to increase your SIP amount, it may be more effective to add to funds like Parag Parikh Flexi Cap, Mirae Large & Midcap and HDFC Midcap Fund for longer periods. Overall, your portfolio is on the right track, and with a few tweaks, it can be optimised further for growth and a question for the experts? etwealth@
Hans India
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