PrancingRaccoon

Student

Seeking advice - mutual fund portfolio to reach 1 CR.

So, i earn 1 lakh 19 thousand after tax. I'm fairly begineer in mutual fund. I understand different types of mutual fund debt, equity but i don't how to do benchmark

I want to reach 1 cr in 20-30 years. I already started 13,000 SIP. I also have 32,000 EMI for home loan and yearly i will increase 1% - 2%.

Here is below my mutual fund portfolio

mirae ELSS tax saver - 3000 (3 year lock in)
UTI nifty 50 index direct fund - 10,000

Please let me know if i'm investing in wrong mutual fund and suggest some other mutual fund which can give liquidity and i can reach 1cr in 20-30 years.

Thanks in advance

4mo ago

6Kviews

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DizzyBanana

Stealth4mo

The one you can start with is parag Parikh flexi cap which can give about 30-34% yearly returns as of now and with that a small cap of any of your choice I prefer Quant though it’s in news recently but I believe there is a long way for this mutual fund and will provide better results in future. Even if you start with approx 15K equally distributed on both the mutual fund. You’ll definitely achieve the target.

PrancingRaccoon

Student4mo

So, should i stop investing UTI nifty 50 index. I thought it is safe to invest in nifty 50 index fund?

DizzyBanana

Stealth4mo

Definitely nifty 50 is safe but for better returns I prefer that you can decrease the sip for nifty 50 and accordingly divert to other funds. If nifty 50 will run than definitely other funds will also move at better returns than nifty.
I prefer to divert for more you can do your own research.

CosmicLlama

Stealth4mo

Using mutual fund to teach 2cr, require very high investment. People who quote this today are beneficiary of the ZIRP, this is a once in life time event. Any normal mutual fund gives you 12-14% returns. Check performance before 2020.

If you want to earn supersized returns you need to be direct in the market either thru business or investment in sector that's nascent.

Don't go by media reports. They always talk about the few winners, to hide the 1000s of losers.

CosmicLlama

Stealth4mo

@Qwerty2398 1cr in 20-40 years, , can be done thru normal FD and bond savings.

PrancingRaccoon

Student4mo

Right now i'm not in situation to invest in bond. Bond requires high invest amount. I can't invest in just 1 month

FluffyCupcake

Amazon4mo

Check the overlaps between NIFTY50 & ELSS fund, I feel it would be significant. As your timeline is longer, I would add some exposure to small & mid caps.

SnoozyPanda

Deloitte3mo

I think you can incest 10k more in another fund like quant small cap, right now it is has the highest cagr.

SnoozyPanda

Deloitte3mo

Don't worry op, just research and diversify to get around 14 to 15 % returns you will definitely reach your goal in 15 yrs or less.

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