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    Best mutual funds to build retirement corpus

    Synopsis

    If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

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    I am 38 years old. I have spare liquidity of Rs 30,000 to 40,000 per month. I want to invest it for the next 15 years through SIP. Please recommend five to eight mutual funds across large-, mid-, small- and multi-cap schemes? My goal is to build a retirement corpus of Rs 7 to Rs 8 crore. My risk profile is moderate to aggressive.
    --Jay Harsh Kadam

    Ankita Tanna Narsey, Founder, Oaktree Financial Advisors, responds:

    I can recommend some mutual fund schemes for your profile. However, you need to keep a few points in mind before investing. Be disciplined and do not stop your SIPs. You should also monitor your investments at regular intervals. As you have a long-term investment horizon, do not panic in a volatile market situation. Hold your investments for the long term to achieve the maximum benefits from your equity investments. Also, you should increase your SIP amount every year by at least 10%.

    You may split your investment of Rs 30,000 per month in the following mutual funds:
    Kotak Standard Multicap Fund: Rs 10,000
    ICICI Prudential Bluechip Fund: Rs 10,000
    DSP Midcap Fund: Rs 5,000
    Axis Focused 25 Fund: Rs 5,000


    ( Originally published on Oct 30, 2019 )
    (If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.)
    The Economic Times

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