Am I investing in right mutual funds to reach my goal of one crore

To reach a goal of one crore after 10 years you need to save Rs 42,400 per month through SIPs (assuming 12% annual returns).

You current monthly SIP is of Rs 22,000 only and therefore you need to bridge the gap between what you are saving now and what you need to save monthly in order to achieve the goal. However, the good news is that, if you can increase your SIPs annually by 25% then you can achieve this goal. For example - your current monthly SIP is Rs 22,000, make it 27,500 per month from next year and then Rs 33,000 per month from the 3rd year and so on... Please check here https://www.advisorkhoj.com/tools-and-calculators...

Now come back to your fund selection and here is our suggestions -

- Invest in HDFC Balanced Fund in place of HDFC Prudence Fund. Both are balanced funds from the same AMC but HDFC Balanced Fund is one of the best performing in its category.

- Likewise, you may think of replacing HDFC Top 200 Fund as you have better performing funds, like SBI Magnum Bluechip Fund, Birla Sun Life Frontline Equity Fund and Kotak Select Focus fund in the large cap category.

- Again, Kotak 50 Equity can be replaced with Kotak Select Focus Fund and UTI Mastershare Unit scheme can be replaced with UTI Equity Fund or UTI Opportunities Fund.

We are not commenting on your NPS investment as that cannot be linked to your goal of one crore. It is meant for getting a lump sum amount after maturity along with a fixed annuity payable annually or monthly.

Hope the above suggestions are helpful to you. Thanks for writing to Advisorkhoj.