Q&A: Mutual Funds

Value Research


Rs 1 Crore in 15 Years

I am 45 and have been investing Rs 3,000 through SIPs for the past one year in IDFC Premier Equity, Rs 4,000 in ICICI Pru Discovery, Rs 5,000 in DSPBR Equity and Rs 4,000 in UTI Dividend Yield. I want a corpus of Rs 1 crore in 15 years. Can I achieve my goal? I can invest Rs 5,000 more.

SUNIL ZANWAR

It will take a monthly investment of Rs 19,818 earning an annualised 12% return to build a corpus of Rs 1 crore in 15 years. You are currently investing in a portfolio of four good funds. All your funds are highly rated and provide diversification, with aggressive style and orientation, with the inclusion of mid- and small-cap and multi cap funds. You should continue investing in these funds and increase allocation to these instead of adding another fund.