Can I re-cash target corpus of Rs 7 Crores with current mutual funds

I have invested in following mutual funds. SBI Blue Chip Fund - 40,000 per month, Reliance Growth fund - 8,000 per month, ICICI Prudential Value Discovery - 10,000 per month, DSPBR Equity Growth fund - 5,000 per month, DSPBR Micro Cap Fund - 20,000 per month, Birla Sun Life Top 100 - 5,000 per month, Birla Sun Life Frontline Equity Lump sum - 30 Lakhs. I am getting good returns in all my funds. Do I need to add some more or re-look at any of fund. My Target is to reach 7 Crores in next 15 Years, My age is 42 Years. Please suggest?

May 3, 2017 by Nitin Bajpai, Mumbai | Mutual Fund

You have selected good funds from large cap, diversified, mid & small cap category of funds and the same is a perfect fit for an aggressive investor

You are currently investing Rs 88,000 through monthly SIP and the same should create a corpus of Rs 1.76 Crores after 15 years, on the assumed annual return of 12.5%. If we assume the annual return at 13.50%, the corpus could be Rs 2.00 Crores

Your choice of lump sum investment in Birla Sun Life Frontline Equity Fund is good and the lump sum investment of Rs 30 Lakhs can create a corpus of Rs 4.60 Crores after 15 years, on the assumed annual return of 12.5%. However, if we assume the annual return at 13.50% the corpus could be Rs 4.80 Crores

Therefore, you can expect a final corpus in the range of Rs 6.36 - 6.80 Crores, which is slightly lesser than your targeted corpus of Rs 7 Crores. It will be safer, if you can start another monthly SIP of Rs 10,000 for 15 years, as this can create additional corpus of Rs 55 Lakhs after 15 years

Hope the above helps! Thanks for writing to Advisorkhoj !!

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