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    Will these mutual funds help me to create Rs 3 crore for my retirement?

    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 37 years old. I have an eight-year-old child. I have been investing in mutual funds since 2014. I am investing Rs 30,000 per month via SIP in the following mutual funds:
    Aditya Birla Sun Life Frontline Equity Fund: Rs 3,000
    Motilal Oswal Multicap 35 Fund: Rs 6,000
    ICICI Prudential Value Discovery Fund: Rs 6,500
    Axis Long Term Equity Fund: Rs 2,500
    Nippon India Tax Saver (ELSS) Fund: Rs 2,500
    HDFC Mid-Cap Opportunities Fund: Rs 3,500
    DSP Midcap Fund: Rs 1,000
    HDFC Hybrid Equity Fund: Rs 2,000
    SBI Bluechip Fund: Rs 2,000
    Kotak Standard Multicap Fund: Rs 1,000

    Is my fund selection right? Should I change any scheme? My goals are: to retire at 60 with a corpus of Rs 3 crore. Rs 1 crore for my child’s education. And Rs 25 lakh for my child’s marriage. My risk profile is aggressive.
    --Abhishek Ghodke

    Tarun Birani, Founder and CEO, TBNG Capital Advisors, responds:


    Your mutual fund portfolio looks well diversified. The highest allocation is in multi cap category. It will benefit you as the mid-and small-caps are expected to pick up in the coming years. You should continue with your SIPs.

    Below is your current investment in different mutual fund categories:
    Category
    Amount
    %
    Equity - Large cap
    5,000
    17%
    Equity - Multi cap
    7,000
    23%
    Equity - Value
    6,500
    22%
    Equity - ELSS
    5,000
    17%
    Hybrid - Aggressive
    2,000
    7%
    Equity - Mid Cap
    4,500
    15%
    Total
    30,000
    100%

    Your investment of Rs 30,000 per month is sufficient to take care of your retirement goal of Rs 3 crore. For your other two goals, child’s education and his marriage, you will have to top up your SIPs.
    (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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