Mutual Fund Corner: How to create a corpus of Rs 1.5 crore in 19 years?

A: Your goal is to create a portfolio of Rs 1.5 crore in 19 years. Our Kuvera goal planner suggests a monthly SIP of Rs 20,000 assuming you start from zero today. You are investing Rs 5,000 each in seven funds and Rs 20,000 in ULIP. So, investment amount wise you are doing better than what is required, and you should continue to do so.

Also, a couple of points we would add. Add a debt component to dampen some of the volatility around your portfolio. Even if it is 10-15 percent, it will help. You have at least four funds, which have mid-cap exposure and you should think about correlation and overlap in these funds. We advise you to have only one fund in each sub-category to keep your portfolio clean and easily manageable. An option would be to have one midcap and one large cap fund. Lastly, our advice is to keep insurance and investing separately. Have a term life insurance as a pure insurance cover.

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