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Q: 39-year-old Siddhartha Mishra writes to us from Pune. I am looking to build my retirement corpus as all other other goals like house, children education and marriage have already been allocated. I and my wife are covered under Rs 10 lakh medical insurance policy. I am looking at Rs 8 crore in 20 years as the retirement corpus and wanted a view on whether I need to consolidate the mutual fund schemes further or do any changes. I have already invested about Rs 60 lakh in these mutual fund schemes and looking at Rs 8 crore in 20 years. I can increase my investment by 10 percent every year. Following are the consolidated view of the SIP every month and I have discontinued few SIPs, but still hold these schemes.
| Fund | SIP Amount (In INR) |
| SBI Bluechip | 10,000 |
| Kotak Standard Multicap | 10,000 |
| Motilal Long Term Equity | 12,500 |
| HDFC Midcap Opp | 10,000 |
| HDFC Small Cap | 5,000 |
| Franklin Smaller Companies | 5,000 |
| L&T Emerging Business | 5,000 |
| SIP DISCONTINUED | |
| DSP Tax Saver | |
| Motilal Multicap 35 | |
| Invesco Tax Saver | |
| Mirae Asset India Equity | |
| Mirae Emerging Equity | |
Please help me with the consolidation of the mutual fund schemes as too many schemes are not helping me.
A: You are on right track. It’s nice to know that you have planned your finances well so far. Let’s focus on your objective of generating a corpus of Rs 8 crore in 20 years.
You have already invested Rs 60 lakh so far. Additionally, you are investing Rs 57,500 every month as SIP and you can increase this amount by 10 percent every year. If you continue with this plan, you should be able to reach your target amount within your defined time frame.
Now about your mutual fund portfolio. If I consider the funds where you are continuing your investments, then you already have a consolidated portfolio with a mix of large-cap, multi-cap, mid and small cap funds. The funds are good picks and you could continue with them.
There are few tweaks that I would recommend here.
Some of the large cap funds which you can consider are:
| Group/Investment | Morningstar Analyst Rating | Morningstar Rating Overall | Returns (%) | ||
| 1-Yr | 3-Yr | 5-Yr | |||
| Aditya BSL Frontline Equity Gr | Silver | ÙÙÙÙ | -4.61 | 8.90 | 14.26 |
| DSP Top 100 Equity Reg Gr | Bronze | ÙÙ | -8.34 | 6.22 | 10.34 |
| Franklin India Bluechip Gr | Gold | ÙÙÙ | -5.35 | 6.81 | 12.05 |
| HDFC Top 100 Gr | Gold | ÙÙÙÙ | -1.57 | 11.19 | 14.81 |
| ICICI Pru Bluechip Gr | Silver | ÙÙÙÙÙ | -1.06 | 10.96 | 14.34 |
| Reliance Large Cap Gr | Silver | ÙÙÙÙÙ | 0.49 | 10.90 | 17.58 |
| SBI Bluechip Reg Gr | Bronze | ÙÙÙÙ | -5.24 | 7.93 | 15.24 |
| UTI Mastershare Unit Reg Gr | Bronze | ÙÙÙ | -0.62 | 8.04 | 13.03 |
| Group/Investment | Morningstar Analyst Rating | Morningstar Rating Overall | Returns (%) | ||
| 1-Yr | 3-Yr | 5-Yr | |||
| ICICI Pru Value Discovery Gr | Silver | ÙÙÙÙ | 0.23 | 7.89 | 20.03 |
| IDFC Sterling Value Reg Gr | Silver | ÙÙÙÙ | -11.46 | 11.96 | 17.91 |
| Templeton India Value Gr | Silver | ÙÙ | -13.99 | 6.83 | 14.07 |
| UTI Value Opportunities Reg Gr | Bronze | ÙÙ | -1.73 | 6.93 | 10.90 |
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First Published: IST