Topic: Started investing through sip for following funds

My age is 35 and recently i have started investing through sip for following funds for 15 years this invest is very important in my life as i want to purchase a home after 15 years also my daughter"s higher education i think i need approx 2 crores after 15 years 1 reliance vission 5000, reliance growth 2500, hdfc equity 5000, dsp tigger 5000, birlasunlife equity 2500 . icici power 3000, and icici dynamic 2000 per month, all are growth scheme with long term view, apart from above i also planed to invest in magnum balance fund when ever i have excess money. pls review my investment and suggest, i am i able to achive my target thanks kundan mumbai

Avani,

Your question suggests that your investment objective is capital appreciation and a long term investment horizon. You are investing in equity funds over the period of 15 years that can return approx 12% year on year. In order to make 2 crores at the end of 15 years, you need to invest 44,500 every month regularly or Rs 36.5 Lacs lump sum at one go.

Further, since your investment horizon is 15 years, you are building the corpus by getting into mutual fund schemes through Systematic Investment Plan. This is really appreciated because in SIP, you can invest a fixed amount in a specific scheme on monthly or quarterly basis and investment through SIP also gives an added advantage of averaging the cost of investment

Congratulations for choosing good quality funds in your investment portfolio. You are currently investing Rs 30,000 per month and need to invest additional 14,500 per month to achieve your target. In order to have balanced asset allocation, you can consider investing in good balanced funds such as DSP BlackRock Balanced Fund or Tata Balanced Fund

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