Should I make changes to my mutual fund portfolio?

I am investing in eight mutual fund schemes for the last six months. Total SIP amount is Rs 45,000. After completion of a year, I am planning to stop SBI Small Cap Fund and SBI Magnum Multicap Fund because I want to invest only Rs 35,000 via SIP. So, after one year HDFC Small Cap Fund would have an SIP of Rs 5,000.

Can you please let me know if any correction needs to be done in my portfolio?

How much corpus will I accumulate after 20 years? I need Rs five to six crore rupees for my different goals.

SBI Bluechip Fund - Direct Plan - Rs 10,000
SBI Small Cap Fund - Direct Plan - Rs 10,000
SBI Magnum Multicap Fund - Direct Plan - Rs 4,000
Aditya Birla Sun Life Tax Relief 96 - Direct Plan - Rs 5,000
Aditya Birla Sun Life Frontline Equity Fund - Direct Plan - Rs 5,000
L&T India Value Fund - Direct Plan - Rs 5,000
Mirae Asset India Equity Fund - Direct Plan - Rs 5,000
HDFC Small Cap Fund - Direct Plan - Rs 1,000

I am 31 years old and have recently got married. I work in and IT company and I have my own house. My main goal is to financially secure my life after retirement and save for my children's higher education. I am planning to retire at 50. My risk profile is moderate.
--Vikash Mishra

If you have a moderate risk profile, you should invest mostly in multicap schemes. You may also invest a part of your corpus in largecap mutual funds if you want to diversify your portfolio and bring down the overall risk.

A few quick comments on your portfolio. Smallcap schemes are not meant for investors with moderate risk appetite. They are recommended to equity investors with aggressive risk appetite.


If you invest Rs 35,000 every month for the next 20 years and get 12 per cent annual returns on your investment, you may be able to create a corpus of Rs 3.5 crore.

It is always better to identify and quantify your various financial goals. This will help you to figure out a target corpus and put together an investment plan to achieve it.