Will these mutual funds help me to achieve my goal?

I have a moderate risk appetite. I want a retirement corpus of Rs 1 crore after 15 years through mutual fund investments. I am 38 years old. I am investing through monthly SIP in these mutual funds:
UTI Nifty Index Fund: Rs 2,500 since January 2022
Axis Blue Chip Fund: Rs 1,000 since Oct 2019
Axis 25 Focused Fund : Rs 1,000 since May 2019
Kotak Emerging Equity Fund: Rs 2,500 since June 2021
Please help and suggest if these mutual funds will help me achieve my target corpus or if I should change/increase investment.
--Anil Panda


Assuming an average return of 12%, you need to invest around Rs 19,891 every month to create a corpus of Rs 1 crore in 15 years. You are investing only Rs 7,000 every month. That means you have to either increase your investment or reduce your target. A word of caution: Rs 1 crore may appear big to you now. But it will lose its value over a long period of time. So, always include inflation and taxes in your long term calculations.


We typically ask moderate investors to invest in flexi cap funds to achieve their long-term goals. We believe since these schemes invest across market capitalisations and sectors You are investing in a large cap index scheme, large cap fund, focused fund, and mid cap fund. Mid cap schemes are highly risky and volatile. That is the reason why these schemes are recommended to aggressive investors with a long investment horizon. Focused schemes are riskier than regular flexi cap schemes as they are mandated to invest in a concentrated portfolio of maximum 30 stocksD