Will my mutual fund portfolio help me to build a corpus of Rs 1 crore?
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ICICI Prudential Value Discovery Fund: Rs 1,500
Mirae Asset Emerging Bluechip Fund: Rs 2,000
Parag Parikh Long Term Equity Fund: Rs 2,000
Aditya Birla Sun Life Tax Relief 96: Rs 2,000
Mirae Asset Tax Saver Fund: Rs 1,000
My goal is to build a corpus of Rs 1 crore. I have an investment horizon of 15 to 20 years. Is my mutual fund portfolio good? Can I increase my investments in these schemes? Or should I change any scheme in my portfolio? I can take moderate risk.
--Santosh Kumar Pandey
Dilshad Billimoria, Founder, Dilzer Consultants, responds:
You need to invest Rs 23,927 per month to achieve your target of Rs 1 crore, assuming an annual return of 10%. Since you are a moderate investor, your schemes are in line with your risk profile. Moderate investors should stick to large cap, multi cap and Index funds. ICICI Prudential Value Discovery Fund is a value fund and can go through prolonged bad phases. You may reconsider your investment in this scheme if you do not have enough knowledge about value investing.
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