Can I achieve my goal with these investments?

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

ThinkStock Photos
I am 31 years old and I have investments in these schemes:
1. DSP BlackRock Natural Resources & New Energy Fund: Rs 2,500
2. DSP BlackRock Top 100 Equity Fund: Rs 1,000
3. HDFC Mid-Cap Opportunities Fund: Rs 1,000

I have also started a recurring deposit of Rs 30,000. Is this a right investment for my goal to create Rs 25 lakh in the next five years. How can I achieve this? Please suggest some good SIPs to invest more and achieve my goal before deadline.
-- Mohit Gupta


Karthik Swaminathan, a Certified Financial Planner, responds:

You can add an investment of around Rs 10,000 per month in SIPs. This can be diverted from your RD. You can add two more SIPs of around Rs 3,000 each in L&T Midcap Fund/Mirae Asset Emerging Bluechip Fund and Reliance Growth Fund. The remaining amount, Rs 4,000, can be spread across the funds you have already invested.


Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

Top Mutual Funds

3 M(%)
6 M(%)
1 YR(%)
3 YRS(%)

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

Save with Tax planning SIP's

More from our Partners

Loading next story
Business News › Mutual Funds › Analysis › Can I achieve my goal with these investments?
Text Size:AAA
Success
This article has been saved

*

+