1.5 crores in 15 yrs – Can you help me choose mutual funds ?

POSTED BY rajpal ON November 19, 2013 2:44 pm COMMENTS (2)

Dear Sir, I am 32 years old. Me and my wife (26 years) both are working in govt. sector and we are having a 2 year old baby. Our monthly income is around 80,000/- (in hand).

After all EMI, Recurring Deposits and LIC policy payments, we are having 25,000/ – rupees in our hand. In view of this we planed to start investment in mutual funds. My selected mutual funds with investing amount (total 6500/-)are as:

  1. SBI BLUE CHIP FUND (G) 1500/-
  5.  HDFC EQUITY FUND (G) 1000/-
  6. AXIS MIDCAP FUND (G) 1000/-

My target is earned at least 1.5 cr in 15 years. Please suggest that selected mutual funds meet with my goal or I should change some other fund with other fund and increase or decrease amount in particular fund.

2 replies on this article “1.5 crores in 15 yrs – Can you help me choose mutual funds ?”

  1. Sumit says:

    Hi Rajpal,

    Hope you are not expecting 1.5 cr in 15 years only by investing 6500/month in thse funds, right? You are expecting 1.5 cr by summing up all other investments you have right? I am asking this because you have not made it clear. :), otherwise considering a realistic return of 12% annum to accumulate 1.5cr, you have to invest 32000 per month(SIP).

    And regarding the choice of fund of, I think for 6500, I would choose 3 funds as follows:-

    1 Large-cap
    ICICI Pru Focussed Bluechp

    1 Lrge-mid
    Quantum Long Term Equity Fund /Or UTI Oppertunities

    1 Small-Mid
    SBI Emreging Business/Or IDFC Premier Equity Fund.


  2. Karthik says:

    6 funds are too much for Rs.6500/-
    Go for 1 or 2 funds only (my choices will be Quantum long term equity fund and ICIC Prudential Focussed bluechip fund).

    regarding 1.5 cr in 15 years, please goto website freefincal.com, locate the correct calculator and check it yourself.

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