Mutual funds to create Rs 50 lakh in 10 years

I am about to turn 32 years old. My Investments are:

• PPF: Rs 5,000
• ICICI Prudential Tax Saving Fund: Rs 3,000 per month
• ICICI Technology Fund: Rs 8,000 per month
• ICICI Flexicap Fund: Rs 5,000 per month

I need your help to restructure my portfolio. Could you please suggest some funds for investing for 10 years? I can Invest Rs 30,000 per month. I want to buy a house after 10 years. I need at least Rs 50 lakh. I can take high risks.

-Raman Rajput

You need to find out your risk profile first. Don’t guess your risk profile. Take an online quiz. Once you know the profile, choose schemes that are in line with your goals and risk profile. For example, if you are a conservative investor, you should choose a large cap scheme. If you are a moderate investor, you should invest in a flexi cap scheme. Similarly, if you are an aggressive investor, you can choose risky options like mid cap schemes, small cap schemes, sector schemes and so on.

Second, adopt a goal-based investment strategy. Find out how much you need to achieve your goal. If it’s a long-term goal, you can also include annual inflation to reach a realistic target. Once you know the target, find out how much you need to invest every month. Such a strategy would help you to achieve your goal without much trouble.


For example, you want to create Rs 50 lakh in 10 years. If you think prices may go up, you should aim to create a larger corpus. You need to invest Rs 22,000 every month for 10 years to create Rs 50 lakh. We have assumed an annual return of 12%.

Here are our recommended schemes. Choose a category that is in line with your risk profile.

Best mutual funds to invest