I wish to generate more than ₹1 crore in 15 years. I invest₹1,000 in ABSL Frontline Equity; ₹2,000 each in SBI Bluechip, ICICI Bluechip and Mirae Asset India Equity; ₹3,000 each in Canara Robeco Emerging Bluechip Equities, Mirae Asset Emerging Bluechip and Axis Focussed 25 direct plan. I want to start investing ₹3,000 in L&T Midcap fund. Is my portfolio okay? Are my investments enough?
To get to a corpus of ₹1 crore in 15 years, you would need to save and invest about ₹22,000 a month between now and then (assuming 12% long-term market returns). At present, you are investing ₹16,000 and you are looking to add another ₹3,000, bringing the total to ₹19,000. If you can add another ₹3,000 to the mix, you’d be well on your way to your target.
Regarding your portfolio, you are investing in an all-equity portfolio which is a very aggressive, high-risk combination. You need to ensure that you can ride out market volatility (the last few months would have given you a good taste of that) in these years to realise the benefits and returns of your investments.
Regarding your fund choices, you are investing ₹5,000 in large-cap funds and the remaining ₹11,000 in diversified funds (large- and mid-cap funds). Adding L&T Mid-cap fund to this portfolio would be a good move considering that it’s a good fund and is exclusively focused on the mid-cap segment. That would give you a portfolio that is a quarter into large-cap funds, 60% in diversified funds and 15% in mid-cap funds, making it an aggressive portfolio that is well spread out across fund houses, fund categories and market segments. If you were to add more money, please add a small-cap fund such as HDFC Small cap fund.