Will I be able to create a corpus of Rs 10 lakh in five years?


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ET Online|

Feb 27, 2019, 12.38 PM IST

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Tax saving guide

I have started my investments last year. My risk appetite is very high and my investment horizon is 20 years.
Please review my portfolio:
Aditya Birla Sun Life Tax Relief 96 Growth: Rs 1,000
Aditya Birla Sun Life Pure Value Fund: Rs 1,000
Kotak Standard Multicap Fund: Rs 1,000
Canara Robeco Emerging Equities Fund: Rs 1,000
Reliance Small Cap Fund: Rs 600
HDFC Small Cap Fund: Rs 500
The goal is to achieve Rs 10 lakh five years (tentative). Is my portfolio fine?
–Vasu Goenka
Suresh Sadagopan, Founder Ladder7 Financial Advisories, responds:

If you have a high risk appetite, you may continue with your SIPs in Kotak Standard Multicap and HDFC Small Cap Fund. Invest your money in only two of these scheme, rest of the schemes are not necessary. These many funds are not necessary. So many schemes in your portfolio will lead to over-diversification.

(If you have any mutual fund queries, message us on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.)

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