Am I investing in good funds to reach goal of one crore

Presently my age is 37 years. I am having one son and his age is 3 years. I am planning to start SIP for Rs. 10,000 in HDFC Balanced Fund (Rs 3,000), Mirae Asset Emerging Blue Chip Equity Fund (Rs 3,500) and ICICI Prudential Value Discovery Fund Growth, Birla Sun Life Advantage Fund Growth (Rs.3500). I want to invest for long term to accumulate around Rs 1 Crore. Please suggest in this regard?

Apr 24, 2017 by Srinivas, Alleppey  |   Mutual Fund

You have selected very good funds from balanced, diversified and mid cap categories. You have allocated a total of Rs 20,000 per month for investing in these funds through SIPs.

If you continue your investments for 15 years, you will be able to reach your target corpus of one crore easily, assuming annual return of 12%.

Happy investing for the long term. Thanks.

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