fund accumulation P.K.srivastava, 19 Aug 2013

Sir, Iam41 yrs of age.I have total SIP of Rs10000/-per month,1000/-each in tax saver in franklin tempelton,sundram paribas and hdfc long term advantage fund,4000/- in HDFC top200,3000/- in DSPBR top100.Ihave been investing in SIP for last 2 yrs.I am a govt.servant having pension.ihave purchased my own house.Now I want to invest for my childs education(SON10yrs &Daughter08yrs) and their marriage.Kindly guide me How much more to invest and in which funds to accumulate Rs1 crore in 15yrs for my needs in future. Thanks

Fintotal Answer

Hi Srivastava. For a goal of Rs 1 crore in 15 years, you must invest minimum Rs 20000 per month in an equity large cap fund. The funds you have are good funds and I suggest you not to add any more funds to your portfolio. You can increase the SIP in HDFC Top 200 itself or invest in it with a different folio number. Ideally, you need just one tax saving fund and one large cap fund. You can seek guidance privately on assistance.fintotal.com.

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