Will these mutual funds help me to create Rs 1 crore in 10 years?
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ICICI Prudential Value Discovery Fund (Growth)
ICICI Prudential Midcap Fund (Growth)
Mirae Asset Emerging Bluechip Fund (Growth)
Reliance Small Cap Fund (Growth)
SBI Bluechip Fund (Growth)
Is this a good combination for the long term? How long should I plan to run them?
-- Arijit Sarkar
Suresh Sadagopan, Founder, Ladder7 Financial Advisories, responds:
You have selected good schemes. I would suggest you to consider investing in two schemes -- ICICI Pru Nifty Next 50 Fund and Mirae Asset Emerging Bluechip Fund -- in equal proportion. You could initially set a period of five years. You may review the portfolio from time to time and make changes to it whenever required.
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