Will I be able to build a corpus of Rs 1 crore with these funds?

I am new to mutual funds and have made investment in the schemes listed below:
Canara Robeco Emerging Equities - Reg Plan - Growth: Rs 5,000
L&T India Value Fund -Growth: Rs 5,000
Tax Saver Funds:
Franklin India Taxshield -Growth - Rs 7,000
Motilal Oswal MOSt Focused LT Fund - Regular -Growth: Rs 5,500
I am looking to invest for 10-12 years with aim of building a corpus of Rs 1 crore. Am i investing in the right funds ?

--Varinder Dua

You have chosen good funds. You may continue with your investments. It will not be possible to build a corpus of Rs 1 crore with your current investment of Rs 22,500 per month. You will have to invest around Rs 43,500 per month for the next 10 years to create a corpus of around Rs 1 crore. We have assumed that your investmens would make 12 per cent per annum for the next 10 years for the sake of caluclation. It is essential to take the money out of equity mutual funds at least a year or two before the actual goal to safeguard your corpus from an unexpected volatile phase in the market. So, we have taken an investment horizon of just 10 years.


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