When should I increase my SIP amount, by what percentage?

I am a 23-year-old working professional. My investment horizon is 10-15 years and I can take higher risk for good returns. I am investing in the following mutual fund schemes through monthly SIPs:

SBI Small Cap Fund - Direct (G): Rs 4,000
Reliance Small Cap Fund - Direct (G): Rs 3,000
ABSL Pure Value Fund - Direct (G): Rs 4,000
L&T Midcap Fund - Direct (G): Rs 4,000

Please review my portfolio and suggest changes, if any. Will I be able to make Rs 1 crore in 15 years? When should I increase my SIP amount and by what percentage?

-- Saurabh Batra

You have chosen some good mutual fund schemes. You may continue with your investments. Remember, since you have an aggressive risk appetite, you should invest more in mid and smallcap schemes.

You are currently investing Rs 15,000 per month. Assuming an annual return of 12 per cent, you would be able to create Rs 34.85 lakh at the end of 10 years. After 20 years, you would have a corpus of Rs 75.68 lakh if you continue to invest the same amount every month.


You should always increase your investments in line with the increase in your income. This strategy would help you to achieve your long-term financial goals.