Can you give suggestions on my mutual fund portfolio

Even though you have selected some popular fund names from respective categories, we think it needs to be reshuffled little bit. Here you have few of our suggestions –

1. Fund selection for large cap and mid cap is fine.

2. You may consider replacing the following funds –

Reliance Equity Opportunities Fund with Reliance Top 200 Fund.

Tata Balanced Fund with ICICI Prudential Balanced Fund or HDFC Balanced Fund

AXIS Long Term Equity Fund with DSP BlackRock Tax Saver Fund

You can add another midcap fund in your portfolio, Mirae Asset Emerging Bluechip Fund

3. With Rs 20,000 monthly SIP, you can reach a target of only Rs 1.06 Crores (assuming annual return of 12.5%) after 15 years. Please check this tool https://www.advisorkhoj.com/tools-and-calculators... Therefore, there is a bog short fall against your targeted corpus amount versus the amount you can achieve with your planned monthly investment of Rs 20,000.

4. To achieve the goal of Rs 5 Crores after 15 years, you actually need to save Rs 95,400 per month (assumed rate of return is 12.5%). Please check this https://www.advisorkhoj.com/tools-and-calculators/target-amount-sip-calculator

5. Among large cap and diversified equity funds, you can select from SBI Bluechip Fund , Birla Sun Life Equity Fund, Kotak Select Focus Fund and ICICI Prudential Value Discovery Fund

As you can see you need to save much more to reach your targeted goals.

Hope you find the above useful.

Thanks for writing to Advisorkhoj.