How can I build a larger retirement corpus?

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I am 28 years old. Currently, I am paying Rs 21,000 for my home Loan EMI. Apart from this, I am investing Rs 10,000 per month in a recurring deposit and Rs 9,000 per month in mutual fund SIPs.
My investments are:
Rs. 2500 in SBI Blue Chip Fund
Rs. 2000 in SBI Magnum Equity ESG Fund
Rs. 2000 in Axis Focused 25 Fund
Rs. 2000 in Mirae Asset Emerging Blue Chip Fund
Rs. 500 in Invesco India Financial Services Fund.
I have an investment horizon of about 25 years. My goal is to create a substantial corpus for retirement. In addition to this, my employer is paying both contributory PF and NPS deductions every month. I want to know what more I can do with my money to meet my retirement targets?
- Anuradha Ganguli

Wealth creation can be a simple task if you stick to the basics.
Always, keep track of your expenses.
Avoid unwanted expenses.
SBI Bluechip Fund-Growth ★★★★
  • 11.13%Annualized Return for 3 year
  • >3 years Suggested Investment Horizon
  • 4.11 YearsTime taken to double money
  • 12.68%Annualized Return for 3 year
  • >3 years Suggested Investment Horizon
  • 5.3 YearsTime taken to double money
Try to boost your savings rate.

Invest at least 30 per cent of your income.
Always increase your saving/investment part in line with your salary hike.

Also, identify your various financial goals, quantify them (include annual inflation and taxes in calculation), and invest the required amount every month to achieve them. A small sum invested regularly over a long period would help you to achieve your goals. The compounding effect kicks in after 10 years and it would help you to multiply your wealth beyond your imagination.

Just remember to stick to your investment plan and continue with your investments even in adverse market conditions. This is an important factor that would decide how much wealth you would create over a long period.
Having said that you should always choose your mutual funds based on your risk profile (that is apart from goals, and investment horizon). You have not mentioned your risk profile. Therefore, we will not be able to comment on the suitability of your schemes. Assess your risk profile. Use online tools if necessary. Then check whether these schemes are in line with your risk profile. Try to create a mutual fund portfolio that is sharply focused. Your portfolio looks a bit scattered.

Lastly, we do not recommend thematic schemes. Mutual fund advisors usually recommend thematic or sector schemes to sophisticated investors or high networth investors as a diversification tool. Themes and sectors go through cycles and a regular investor would find it very difficult to time her entry and exit in these schemes.
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