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Home Mutual Funds

Will these mutual funds be able to generate corpus of Rs 2 crore in 10 years?

MtR by MtR
October 28, 2021
in Mutual Funds
0
Will these mutual funds be able to generate corpus of Rs 2 crore in 10 years?


I am 30 years old and want to invest for my retirement plan. I plan to invest Rs 40,000 monthly for 10 years in the SIP below mentioned.

I am planning to do a yearly top up of 10%.

Also, I thought of doing a weekly SIP.

  • Axis Growth opportunities Large and midcap – Rs 5,000
  • Canara Robeco Emerging Equities Large and mid – Rs 5,000
  • Kotak Emerging Equity Midcap – Rs 5,000
  • Kotak Smallcap Fund – Rs 5,000
  • UTI Flexi Cap Fund – Rs 5,000
  • Axis Focussed 25 Fund – Rs 5,000
  • Mirae Asset Banking and Financial Services Fund – Rs 5,000

Can you suggest if the above funds are equally diversified and are for the goal of achieving Rs 2 crore in 10 years?

—Aman Agrawal

Rushabh Desai, an Amfi-registered mutual fund distributor based in Mumbai, responds:

Assuming 12% CAGR returns in equities, if you invest Rs 40,000 per month with a 10% annual top up at the end of 10 years, your SIP value with top up will be around Rs 1.35 crore. For you to achieve your target amount of Rs 2 crore, you will either need to increase your monthly SIP amount to Rs 60,000 with an annual top up of 10% or increase your SIP time horizon from 10 years to around 12 years.

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You can look at investing your SIP amount in equal proportions in the following mutual funds – Axis Focused 25 Fund, UTI Flexi Cap Fund, Canara Robeco Emerging Equities Large & Mid Cap Fund, DSP Mid Cap Fund (new), Kotak Small Cap Fund and Motilal Oswal S&P 500 Index Fund (new). Make sure to keep a buffer period at the end of your SIP tenure and try to redeem your corpus during favourable market conditions.



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