Can I create Rs 30 lakh in six years with these mutual funds?

I am 25 years old. I want to create a corpus of Rs 25 to Rs 30 lakh in the next five to six years. I have invested in the following mutual fund schemes:

SBI Magnum Equity ESG Fund - Direct (G): Rs 2,500
Mirae Asset Emerging Bluechip Fund (G): Rs 3,000
SBI Small Cap Fund (G): Rs 3,000
L&T Midcap Fund - Regular (G): Rs 3,000
Reliance Small Cap Fund (G): Rs 5,000
Mirae Asset India Equity Fund (G): Rs 3,500

Please let me know if I need to make changes to my mutual fund portfolio? Are my investments sufficient to reach my goal?

-- Mishal Khan

Veena Malgonkar, Certified Financial Planner, KM Wealth Solutions, responds:

I am not sure whether you are investing every month in these schemes or whether that is the total amount that you have invested. Normally, equity funds would double your money in five years.

Assuming you are investing Rs 20,000 through monthly SIPs, you would be able to create a corpus of Rs 24 lakh at the end of six years. I am assuming an annual return of 15 per cent from your investment.


You are investing in six mutual fund schemes, which is a little excessive. Normally, I would suggest investing in one largecap fund, two multicap funds and one midcap fund. However, all the mutual fund schemes you have chosen are fine.