I am invested in DSP BlackRock Micro Cap, Reliance Banking, ICICI Prudential Value Discovery Fund, BSL Top 100, SBI Blue Chip, SBI Mid Cap, Reliance Small Cap through SIP. Should I continue? If I remain invested for 5 years 7000/month, how much can I expect after 5 years?
You have invested in good funds from mid & small cap, diversified, large cap and Banking sector funds. These funds are ideally suited for investors with high risk profile with minimum investment horizon of 5 years.
Though there is no assured returns in mutual funds, as you may know, you can expect an annual XIRR return between 12.50 – 15% over a 5 year investment horizon. Accordingly, you can expect Rs. 5.85 lakhs (based on 12.50% return), Rs. 6.01 lakhs (based on 12.50% return) and Rs 6.27 lakhs ( based on 15% return) against a cumulative investment of Rs. 4.20 lakhs over 5 years (Rs. 5000 x 60 month)
Hope the above helps you.
Thanks for writing to Advisorkhoj.
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