My name is Mrinmoy and I am investing in mutual funds through the SIP route since 2013 and I am writing this email to have my portfolio reviewed. My purpose is to build a retirement corpus of 2 crores in span of another 15 years (by 2033). I have shared the scheme names in my portfolio following and have color marked the respective SIPs in front of each scheme. Large Cap: Franklin India Bluechip Fund (G) - Rs. 2000, ICICI Pru Bluechip Fund (G) - Rs. 2000; Diversified: Franklin India Focused Equity Fund (G) - Rs. 3000; Mid & Small Cap: Mirae Asset Emerging Bluechip-Reg (G) - Rs 3000, Canara Robeco Emerging Equities Fund - Reg (G) - Rs. 2000, Reliance Small Cap Fund (G) - Rs. 3000; Balanced: Tata Hybrid Equity Fund(G) - Rs. 1000, ELSS: Axis Long Term Equity Fund - (G) - Rs. 1500. So far I have invested Rs. 5,76,574 in the above portfolio and its latest value is Rs. 6,91,548. Questions: Is my portfolio/selection of schemes good to meet my requirement of 2 crores in 15 years? Basically I would like to know if my current distribution of funds looks good to you. Do you suggest to add/remove any schemes? I am also curious about the performance of two Franklin schemes (Franklin India Bluechip and Focused Equity) in my portfolio, should I continue to invest in them? Can you suggest me 1 or 2 good diversified schemes who are the consistent performers in multi-cap segment? Please give your valuable suggestion?
From the time you are investing (year 2013) till the year 2033 when you want the corpus of Rs 2 Crores, you have 20 year time period. Assuming 12% annual returns on your monthly SIP investments of Rs 17,500, you can achieve a target of Rs 1.75 Crores. However, if the investments generate 1% more, i.e. annual 13% then the corpus would be around Rs 2 Crores. Use this tool https://www.advisorkhoj.com/tools-and-calculators...
However, assumptions of over 12% annual returns is bit high and therefore, we suggest that you increase your monthly SIPs by at least Rs 2,500 in order to achieve the above goal easily.
You have selected good performing funds from different categories. However, please note that Canara Robeco Emerging Equities and Mirae Asset Emerging Bluechip Funds are no more mid cap funds. These two have become Large and Mid-Cap Funds (a new category). Also, Reliance Small Cap Fund has become a pure Small Cap Fund.
We will not comment if your selected schemes are okay for your investments as we do not know your risk taking appetite. Investing in mutual funds based on your risk taking ability is the most ideal way of generating long term returns.
I would also not suggest you to increase the number of funds in your portfolio as you already have 8 funds. Add more into the existing funds. Use this tool to select top mutual funds https://www.advisorkhoj.com/mutual-funds-research...
With regards to performance of two Franklin Templeton schemes, we would suggest you to wait for some more time as the scheme categorization and scope of investments of each category of scheme has gone through changes recently following a SEBI directive.
Hope the above helps you.
Wishing you the best !
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