Best mutual funds to build retirement corpus

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I am 38 years old. I have spare liquidity of Rs 30,000 to 40,000 per month. I want to invest it for the next 15 years through SIP. Please recommend five to eight mutual funds across large-, mid-, small- and multi-cap schemes? My goal is to build a retirement corpus of Rs 7 to Rs 8 crore. My risk profile is moderate to aggressive.
--Jay Harsh Kadam

Ankita Tanna Narsey, Founder, Oaktree Financial Advisors, responds:

I can recommend some mutual fund schemes for your profile. However, you need to keep a few points in mind before investing. Be disciplined and do not stop your SIPs. You should also monitor your investments at regular intervals. As you have a long-term investment horizon, do not panic in a volatile market situation. Hold your investments for the long term to achieve the maximum benefits from your equity investments. Also, you should increase your SIP amount every year by at least 10%.

You may split your investment of Rs 30,000 per month in the following mutual funds:
  • 17.78%Annualized Return for 3 year
  • >3 years Suggested Investment Horizon
  • 4.0 YearsTime taken to double money
  • 13.48%Annualized Return for 3 year
  • >3 years Suggested Investment Horizon
  • 3.8 YearsTime taken to double money
Kotak Standard Multicap Fund: Rs 10,000

ICICI Prudential Bluechip Fund: Rs 10,000
DSP Midcap Fund: Rs 5,000
Axis Focused 25 Fund: Rs 5,000

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