I have SIPs in regular plans. I had started in January 2018, and I have an investment horizon of 20 years. I invest ₹7,000 each in Mirae Asset India Equity, DSP Black Rock Opportunities, Tata Equity P/E fund, Motilal Oswal Multicap 35, Principal Emerging Bluechip and L&T Mid cap. I also invest ₹6,000 in Reliance Small Cap and ABSL Pure Value fund. I want to build this corpus for my first child’s graduation (₹40 lakh); post-graduation (₹75 lakh); second child’s graduation and post-graduation(₹60 lakh and ₹1 crore) (planning for second child in 2-3 years); and retirement corpus (₹6 crore). I have also invested ₹10,000 in HDFC Balanced Fund to build up a house down payment in 5-6 years.
—Name withheld on request
It is good that you have charted out your life’s goals, and started your investment journey towards them. I don’t see much difficulty in you reaching most of your goals on the basis of your current investment allocations.