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:
- SBI BLUE CHIP FUND (G) 1500/-
- SBI EMERGING BUSNISS FUND (G) 1000/-
- ICICI DISCOVERY FUND (G) 1000/-
- UTI APPORTINUTIE FUND (G) 1000/-
- HDFC EQUITY FUND (G) 1000/-
- 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.