I am 27 Yrs Old and want to start investment through SIP to get a corpus of almost 1 Crore after 15 yrs

Assuming you get 15 – 20% annualized returns from mutual fund investments over the next 15 years, you need to save and invest Rs 9,000 – 15,000 on a monthly basis, to accumulate a corpus of Rs 1 crore in the next 15 years. Please note that, balanced funds over a long investment horizon are likely to give lower returns than purely equity funds.

Regarding your fund choice, Mirae Asset Emerging Blue Chip Fund is a good small and midcap fund. It is highly rated by the research agencies and has a strong track record of performance. With regards to the Balanced Fund, Tata Balanced Fund, ICICI Prudential Balanced Advantage Fund and also L&T India Prudence Fund which has certainly been the best performing balanced fund in the last couple of years. These are excellent investment choices. However, you should understand the risk return characteristics of different mutual funds and see which ones are most suited to your financial objectives. If required, you should consult with a financial advisor.

You may also like to check these –

https://goo.gl/Qh9LJl

https://goo.gl/nqD3Ra