Will these mutual funds help me to create Rs 1 crore in 10 years?

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I am 22 years old and currently investing Rs 8,000 via SIP. I am investing in the following funds:

Mirae Asset Blue Chip Fund: Rs 2,000
SBI Small Cap Fund: Rs 2,000
ICICI Prudential Equity Fund: Rs 2,000
HDFC Gold Fund: Rs 2,000.

My goal is to create Rs 1 crore in 10 years. I am an aggressive investor.
- Bhavin Parmar


It seems, you have got the name of the first scheme wrong. Did you mean Mirae Asset Emerging Bluechip Fund? It is difficult to guess the name of ICICI Prudential scheme. It could be ICICI Prudential Equity & Debt Fund, ICICI Prudential Equity Arbitrage Fund, or ICICI Prudential Equity Savings Fund.

  • 4.02%Annualized Return for 3 year
  • >3 years Suggested Investment Horizon
  • 2.8 YearsTime taken to double money
  • 8.55%Annualized Return for 3 year
  • >3 years Suggested Investment Horizon
  • 2.12 YearsTime taken to double money
Assuming the first scheme to be Mirae Asset Emerging Bluechip Fund, you are currently investing in a large & mid cap scheme, small cap scheme, gold scheme and a scheme in some unspecified category. You have chosen good individual performers. However, your portfolio lacks focus. It is not clear why you have added the gold fund to your portfolio.


You have highly unrealistic expectations from your equity investments. You need to earn around 38% returns to create Rs 1 crore by investing in merely Rs 8,000 every month – that too in 10 years. Assuming an annual return of 12%, you would be able to create around Rs 18.58 lakh in 10 years.

Assuming an annual return of around 12% on your investments, you need to invest around Rs 43,000 every month to create Rs 1 crore in 10 years.

You should also remember that choosing a nice, round figure like Rs 1 core will not be enough to take care of your long-term financial goals. You should work with real numbers and calculate a realistic target if you want to meet your long-term goals without fail. For more, read: Why Rs 1 crore will not ensure a rich retired life
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