now I am Investment 70,000 per month through SIP in various schemes (all are direct).
my portfolio:
- Rs 10,000 per month in Franklin India US Feeder, Kotak Emerging Equity, Axis Focused 25, SBI Small Cap
- Rs 15,000 per month in Parag Parikh Flexi Cap Fund
- Rs 7,500 per month in ICICI Prudential Technology Fund
- Rs 5,000 per month in Canara Robeco Emerging Equities
- 2,500 per month in Mirae Asset Emerging Bluechip Fund
I have invested a lump sum amount in L&T Mid Cap and HDFC Mid Cap Opportunities during the fall of COVID-19 around March 2020. That money has increased a lot. Should I capitalize on profits?
My Investment Covering all possible categories in Equity i.e. Large Cap, Mid Cap, Flexi Cap and Small Cap.
My target is to make Rs.8-10 crores from my mutual fund investments at the age of 45. So, please advise me whether I need to make any modifications in my current portfolio to achieve my goal?
-Jaswinder Singh Keer
Assuming an annual return of 12%, you would be able to generate Rs 3.53 crore by investing Rs 70,000 every month for the next 15 years. If you increase your investments commensurate with your annual growth, you will be able to build a huge corpus.
Your portfolio is everywhere. Investing in all possible equity categories is not the ideal way to diversify your portfolio. The idea behind diversifying your portfolio is to minimize overall risk and maximize returns. You have to build a portfolio based on your risk profile. Do not invest in more than four schemes. Monitoring your portfolio will be difficult. Mindless diversification often results in duplication and over-diversification. It also reduces the total return from your portfolio.
If you are not clear about the basics, take the help of a trusted mutual fund advisor or financial planner.