I am 31 now. I want to get amount around 80 lacs after 15 years. My current investments are as below. SBI Bluechip Fund- 4k pm Franklin India Smaller Company Fund – 4k pm and L&T India Prudence-2k pm. Please suggest me any new fund and amount need to increase to achieve my goal.
thanks a million in advance.
Funds are doing good and no need to worry. However, the allocation for your goal should be like 30:70 in Debt:Equity. I think this is missing here. Also, with tenure of 15 years and monthly investment of Rs.10,000 and expected return of 12%, it is hard to achieve Rs.80 lakh goal. You must increase your monthly investment to Rs.16,000 or more.