Mutual Funds_Need Recommendations

Good day,

I’m 42 yr outdated -working skilled however now taking break for a while. I’m late into mutual funds. I’ve began this 12 months.

I want strategies for the next:

Is it doable to have 1 crore inside 10 years? If sure, how a lot SIP is required?

I’ve began investing in 10 funds. I want suggestion which one I can skip. The funds are:

DSP Nifty 50 Equal Weight Index Fund
Axis Liquid Fund
Motilal Oswal Midcap Fund
HDFC Flexi Cap Fund
HDFC Gold ETF Fund of Fund
Nippon India Silver ETF FOF
ICICI Prudential Giant Cap Fund
Bandhan Small Cap Fund
HDFC Nifty 50 Index Fund
HDFC Balanced Benefit Fund

DSP Nifty 50 Equal Weight Index Fund
Axis Liquid Fund
Motilal Oswal Midcap Fund
HDFC Flexi Cap Fund
HDFC Gold ETF Fund of Fund
Nippon India Silver ETF FOF
ICICI Prudential Giant Cap Fund
Bandhan Small Cap Fund
HDFC Nifty 50 Index Fund
HDFC Balanced Benefit Fund

Neglect HDFC. They’re one of many worst return funds and you’re most likely being bought “common” plans from the financial institution. Go for “direct” plans on Coin.

For Gold and silver, go for SBI funds – most likely lowest expense ratio amongst all.

For liquid fund – go jio BlackRock or edelweiss – lowest in market expense.

You dont want massive cap funds – spend money on nifty 50 or nifty subsequent 50 funds to cowl massive cap. Skip HDFC – they’re loots and cheats. Don’t take heed to the salesperson – he’s going to mislead make the sale. He desires you to be tricked into shopping for “common” funds which have nearly 2x of the expense ratio and in order that lowers your returns by 3-5% pa. At all times go for “direct” funds solely.

I’m not very near the opposite funds you will have talked about so I cannot remark there – others might help higher.

Is it doable to have 1 crore inside 10 years? If sure, how a lot SIP is required?

Sure – assuming 10% annual return – not reasonable although, you would want to place in 50 lacs now to get one other 50 lacs within the subsequent 10 years.

I’d suggest you keep on with an index, however nonetheless, no matter works finest for you