- Axis ESG Regular: Rs 2,000
- Axis Midcap Fund Regular: Rs 3,000
- SBI Nifty Next 50 Regular: Rs 2,000
- Motilal Oswal S&P 500: Rs 2,000
- ICICI Prudential Fund: Rs 1,500
- Canara Robeco Emerging Equities: Rs 1,000
- L&T Nifty 50 Regular: Rs 2,000
- Canara Robeco Value Fund: Rs 2,000
- UTI Small Cap Regular: Rs 3,000
- Canara Robeco Focused Direct: Rs 2,000
These funds are in growth option. Will I be able to build assets worth Rs 5 crore in 20 years or should I re-allocate portfolio,
-Kirti Vasani
Assuming an annual return of 12%, you would be able to build a corpus of around Rs 2.05 crore in 20 years by investing Rs 20,500 every month. You can invest more whenever your salary increases. It will help you to achieve your goal.
With regard to your mutual fund portfolio, you are investing in too many schemes. Investing in too many schemes with very small amounts will not help you achieve meaningful diversification or maximum returns. Limit the number of plans to two to four. Always choose the plans based on your risk profile. For example, if you are a medium long term investor, you invest mostly in flexi cap funds. If you are a long term investor then you should invest in large cap funds.