Will I be able to make Rs 1 crore with these mutual funds?

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I have been investing Rs 9,500 via SIP for the last two years in following schemes:

SBI Bluechip Fund: Rs 1,500

SBI Equity Hybrid Fund: Rs 1,500

Mirae Asset Emerging Bluechip Fund: Rs 2,500

L&T Midcap Fund: Rs 500

Kotak Emerging Equity Fund: Rs 2,000

ICICI Prudential Long Term Equity Fund (Taxsaver): Rs 1,000

SBI Focussed Equity Fund: Rs 500

PPF: Rs 2,500

I am a moderate risk-taker and I am investing for long-term wealth creation. Would I be able to generate a corpus of Rs 1 crore in 15 years?
-SriChitra Kumar


A few pointers for you. One, do not obsess about diversification and too many schemes to your portfolio. When you are investing a small amount, you should be focusing more on adequate diversification. You do not need more than two schemes in your portfolio. Since you have a moderate risk profile, you can invest the money in a good multi cap scheme. You can also invest in a tax-saving mutual fund scheme or ELSS if you want to save taxes under Section 80C. Please keep an eye on the multi cap space, though. Sebi has recently changed the investment norms of the multi cap category. Many multi cap schemes are likely to change because of this. Fund houses have time till January to finalise their plan.

L&T Midcap Fund-Growth ★★★★
  • -0.58%Annualized Return for 3 year
  • >3 years Suggested Investment Horizon
  • 3.6 YearsTime taken to double money
  • 2.75%Annualized Return for 3 year
  • >3 years Suggested Investment Horizon
  • 3.9 YearsTime taken to double money
Two, do not confuse your wealth creation with a round number like Rs 1 crore or 2 crore. The whole idea behind investing is to achieve your various financial goals in life. Identify various goals in your life, quantify them and provide for inflation to calculate your target corpus. Once you know your target, you can find out how much you need to invest every month to achieve it. For more, read: Why Rs 1 crore will not ensure a comfortable retired life.


If you are not clear about basics of investing and mutual funds, seek the help of a mutual fund advisor near you. Ask your friends and colleagues for reference. It is not wise to expose your hard-earned money to unwanted risk. Learn enough about investing before start investing on your own.
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