Can I reach my financial goals with current investments

1. Currently you are investing Rs 63,000 per month through SIPs and your investment horizon is 5 years. You have selected funds from large cap, mid & small cap, diversified and sectoral funds and your portfolio is quite aggressive. You can expect an annual XIRR return of 12.5% - 15% over 5 years investment horizon and based on that following could be the corpus amount –

@12.5% return – Rs 53 Lakhs

@13% return – Rs 53.50 Lakhs

@12.5% return – Rs 55 Lakhs

@12.5% return – Rs 56.50 Lakhs

Therefore, even of you get 15% returns, you are still short of your target corpus of 1 Crore

With regards to the fund selection, we think you should change Reliance Equity Opportunities with Reliance Top 200 Fund. Similarly, you may change HDFC Growth fund with HDFC Midcap Opportunities Fund.

2. For lump sum investments you can go with diversified equity funds. Please check the top performing diversified funds from here https://www.advisorkhoj.com/mutual-funds... You can invest in Birla Sun Life Advantage Fund, Kotak Select Focus Fund, ICICI Prudential Multi-cap Fund or DSP BlackRock Opportunities Fund.

You should continue with your PPF investment and ELSS investments.

3. You want to achieve 3 important financial goals and already doing SIP for that. Let us now see if the current SIP amount is sufficient to help you reach the respective financial goals?

Son’s study – time 12 years. Required fund 50 Lakhs and current Monthly SIP Rs 8,000. Assuming 12.50% annual return you will be able to create a corpus of only 27 Lakhs. Therefore, you should start additional monthly SIP of Rs 6,900 for 12 years period.

Son’s marriage – time 19 years. Required fund 50 Lakhs and current Monthly SIP Rs 5,000. Assuming 12.50% annual return you will be able to create a corpus of little less than the target corpus of 50 Lakhs. But, if you do additional monthly SIP of only Rs 500 for 19 years period then you achieve this goal easily.

Your retirement - time 19 years. Required fund 3 Crores and current Monthly SIP Rs 15,500. Assuming 12.50% annual return you will be able to create a corpus of only 1.45 Crores. Therefore, you should start additional monthly SIP of around Rs 16,000 for 19 years in order to achieve the retirement goal of Rs 3 Crores.

Hope the above helps you in planning your finances and reach your respective financial goals.