My risk profile is moderate and I have listed these mutual funds for making monthly SIP investments:
Mirae Asset Large Cap Fund: Rs. 10,000
Axis Flexi Cap Fund – Rs 10,000
Canara Robeco Emerging Equity Fund: Rs 10,000
Motilal Oswal Nasdaq 100 fof : Rs 10,000
Kotak Corporate Bond Fund: Rs 5,000
SBI Magnum Ultra Short Duration Fund: Rs 5,000.
I am planning to buy a house by 2024. Should I increase the debt fund SIP amount or switch to another mutual fund for better Return In a very short span of time.
-Prakriti Raut
You should hire a financial planner or mutual fund advisor. You need a proper financial plan to meet your various goals. A well rounded figure like Rs 10 crores is not the best way to achieve your various long term goals. Find the current cost of each target and provide inflation to calculate the actual target. Also, try to combine your existing investments with some goals.
You are planning to buy a house in two years. That is, you need about 50 lakh rupees in two years. You need to save money. You cannot earn good returns by investing in debt schemes in such a short duration. Equity investment is always risky for such a short duration.
A moderate investor is generally asked to invest mostly in flexi cap schemes. You have picked good equity schemes but the focus of the portfolio is not much. Also, you need to invest around Rs 36,000 every month for the next 28 years to build a corpus of Rs 10 crore. We are assuming that your investment gives an annual return of around 12%.