How to reach goal of One Crore after 5 years

I have started investing in mutual funds very recently. My risk profile is moderate to aggressive & my horizon is 5years as of now. I have invested Rs. 5000 each as SIP in the following funds: Birla Sun Life Frontline Equity (G), SBI Blue Chip (G), HDFC Midcap Opportunity (G), L&T Value Fund (G), DSPBR Small & Midcap (G), Reliance Small Cap (G), Mirae Asset Emerging Blue Chip (G), Axis Long Term Equity (G). My request to you is to kindly evaluate the port folio & suggest me how much more I need to invest in SIP (& some good funds) to generate a corpus of 1crore 5years from now?

Jul 26, 2017 by Dr. Soutik Panda, Kolkata | Mutual Fund

You are investing in good schemes through monthly SIPs and the current amount is Rs 40,000.

To achieve the goal of Rs 1 Crore after 5 years, you need to invest Rs 117,000 per month, assuming annual return of 12%. Even if we assume the return to be 15%, it comes to Rs 107,000 per month. Please try this tool https://www.advisorkhoj.com/tools-and-calculators...

Your current monthly SIP amount is Rs 40,000 only and this may help you accumulate only a corpus of Rs 33 Lakhs after 5 years. Therefore, you need to increase your monthly SIPs substantially.

Please check this tool https://www.advisorkhoj.com/tools-and-calculators...

Thanks for writing to Advisorkhoj.

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