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

I am 27 years old and I am investing Rs 1,500 in Quant Active Fund, Rs 1,000 in Mirae Asset Midcap Fund,Rs 2,000 in Axis Bluechip Fund, Rs 1,500 in PGIM Flexi Cap Fund and Rs 1,500 in Parag Parikh Flexi Cap Fund. The portfolio is diversified as 60% in large cap, 31% mid cap, and 9% small cap. I am planning to increase the total SIP amount every year by 10%.

My target is to have Rs 2 crore in 20 years. Please guide me how I can achieve my corpus and also let me know the if any modifications need to be done in mutual funds in my portfolio as I am ready to take moderate risk.
--Ashish patil

You are investing Rs 7,500 every month. Assuming an annual return of 12%, you should invest Rs 20,000 every month to create a corpus of Rs 2 crore in 20 years. However, you should keep in mind that money loses its value every year because of inflation. So, you need to work with real numbers to achieve your long term goals. You also need to include inflation and taxes in your calculations. Try to invest the maximum you can and keep increasing your investments every time your income goes up.

You are investing in too many schemes: a multi cap scheme, mid cap scheme, large cap scheme, and two flexi cap scheme. Multi cap schemes and mid cap schemes are risky and they are not suitable for moderate investors. If you are okay with the extra risk, you can continue with your investments. It is not possible to achieve meaningful diversification when you are investing a small amount. As a moderate risk-taker, you need to invest in one or two flexi cap schemes to achieve your long term goal. These schemes invest across sectors and market capitalization.


Here are our recommended flexi cap funds: Best flexi cap schemes