I am 35 years old. I have been investing Rs 2,500 every month in DSP BlackRock Top Eqt 100, ICICI Prudential Focused Bluechip, IDFC Premier Equity and Sundaram Select Midcap. I also invest Rs 2,000 every month in Birla Sun Life 95 and HDFC Prudence. Should I continue with this portfolio? My target is to have a corpus of about Rs 1 crore after 15-16 years.
-Mohanlal
With high-quality equity diversified funds, good balanced funds and a reasonably well-performing mid-cap fund, you're on track with this portfolio. You can expect around 12-15 per cent returns over the time period you have in mind, which should be enough to help you achieve your goal.
This article was originally published on October 10, 2012.