I am 32 years old and I started investing in mutual funds in 2017. I invest ₹2,500 each in ICICI Bluechip and Franklin India Focused Equity; ₹3,000 each in Axis Long-term ELSS, Mirae Asset India Equity (multicap) and IFDC tax advantage ELSS. I also invested lump sums of ₹25,000 in ICICI Pru Balanced and ₹32,000 in ICICI Value fund series 19. I also invest ₹15,000 in Public Provident Fund every year. I am planning to start a systematic investment plan (SIP) in Reliance Small Cap for ₹2,500. My target is to accumulate ₹10 crore by age 55. Please help me fine tune my investments.
—Srabanjit Guha
To reach your target of ₹10 crore in 25 years (including the two years that have passed since you started investing), the main thing that needs to change is the amount of money you are investing. You are currently investing ₹14,000 and plan to add another ₹2,500.
