All funds held in portfolio:
Tata Digital India Fund: Rs. 10,000
Quant Small Cap Fund: Rs 21,000
Mirae Asset Large Cap Fund: Rs 1,36,000
Tax Advantage Fund: Rs 1,66,000
Bluechip Fund: Rs. 40,000
Small Cap Fund: Rs, 18,000
Canara Robeco Bluechip Fund: Rs 40,000
Axis Bluechip Fund: Rs 87,000
Apart from the above funds, I have SIPs in the below mentioned mutual funds. Total SIP vale is Rs 50,000 per month.
Mirae Asset Tax Saver Fund: Rs 10,000
Quant Tax Plan: Rs 2,500
Mirae Asset Emerging Bluechip Fund: Rs 2,500
Axis Growth Opportunities Fund: Rs 5,000
Parag Parikh Flexicap Fund: Rs 15,000
PGIM India Flexicap Fund: Rs 4,000
Quant Active Fund: Rs 5,000
PGIM India Midcap Opportunities Fund: Rs 4,500
Canara Robeco Small Cap Fund: Rs 1,500
Current Value of Investment in Mutual Funds = Rs. 6,00,000
Current Value of investments in stocks and shares = Rs. 4,00,000
Current value of investments in PPF = Rs. 9,00,000
Current Value of investments in FDs = Rs. 9,00,000
Current liquidity held = Rs. 5,00,000
Financial Goals —
Buy a car worth Rs. 8,00,000 today in 2 years
Children education worth Rs. 50,00,000 today in 10-12 years time
Retirement corpus of Rs 3 crore in 27 years
One, it is not possible to comment about your mutual fund portfolio because you have not shared when you started investing or your reasons for investing in these schemes. You should consult a financial advisor to help you to consolidate your portfolio and map your investments to your various goals. You can hire a fee-only advisor who will offer you help since you take care of your investments.
First, find out your risk profile. We always recommend our readers to choose mutual funds based on their goals, investment horizon, and risk tolerance. Two, don’t invest small amounts in too many schemes to benefit from diversification. Often it results in portfolio overlap and drag down returns. Three or four schemes are good enough to offer diversification and optimum returns. Just make sure you choose schemes that match your objectives.
Assuming an annual return of 12%, you need to invest around Rs 16,000 every month to create a retirement corpus of Rs 3 crore in 25 years. Similarly, you need to invest around Rs 21,500 every month to create a corpus of Rs 50 lakh in 10 years. Note, this is just to give you a rough idea. You need to work with real numbers, provide for annual inflation, and taxes to make it more accurate. If you find it difficult, seek the help of an advisor.