7 days ago
With Rs 15,000 monthly SIP, can I build a corpus of Rs 1.5 crore in 14 years?
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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@
