Will these mutual funds help me to create Rs 2 crore?

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

Getty Images
I am 35 years old. I am investing Rs 25,000 per month in the following mutual funds since March 2018
SBI Small Cap Fund: Rs 5,000
Sundaram Mid Cap Fund: Rs 10,000
L&T Emerging Businesses Fund: Rs 10,000

Will my investments help me to achieve my goal of Rs 2 crore in 15 years? Also, am I investing in the right mutual funds?
--Abirami Solaikumar

Shifali Satsangee, Founder, Funds Veéda, responds:


You have an aggressive mutual fund portfolio. To reach your goal of 2 crore, you need to increase your monthly SIP by Rs 15,000, assuming an annual return of 12 per cent for a period of 15 years. I would ask you to add a multi cap and a large & mid cap scheme to your portfolio to lend some stability to your portfolio. I would also ask you to stop the ongoing SIP in Sundaram Mid Cap Fund and invest the money in Axis Midcap Fund. Please remember, as you reach closer to your goals, you should move your investments to safer options.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

Top Mutual Funds

3 M(%)
6 M(%)
1 YR(%)
3 YRS(%)

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

Save with Tax planning SIP's

More from our Partners

Loading next story
Business News › Mutual Funds › Analysis › Will these mutual funds help me to create Rs 2 crore?
Text Size:AAA
Success
This article has been saved

*

+