I have been investing ₹2,000 per month via systematic investment plans (SIPs) in the following schemes for the last one year—HDFC Top 100, Axis Focused 25, ABSL Frontline Equity, ABSL Focused Equity, ABSL Equity, SBI Magnum Multicap, SBI Focused Equity, SBI Equity Hybrid and ICICI Prudential Bluechip. I have moderately high risk appetite and want to build a corpus of ₹3 crore in 15 years for my daughter’s education and to pay off my home loan of ₹65 lakh. You have allocation in three large-cap, three focused, two multi-cap, one hybrid and one small-cap fund. In the multi-cap space, you can continue with SBI Magnum but this will lead to high exposure in SBI AMC, so stop both the multi-caps and start an SIP in DSP Equity for diversification among fund houses. If we add the ₹30,000, the principal corpus becomes ₹93.6 lakh, which at 12% earnings will make the corpus ₹2.6 crore.

Source: Mint January 27, 2020 07:52 UTC