Will these mutual funds help me to create Rs 3 crore?

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I am a moderate risk-taking investor with an investment horizon of 20 years. I am trying to create a corpus of Rs 3 Crore for my daughter’s higher studies and marriage expenses.
Currently I am investing Rs 20,000 each month since the last three years in four mutual fund schemes.
Mirae India Equity Fund direct growth: Rs 3,000 (Topping in Large cap)
SBI Flexicap Fund direct growth: Rs 4,000 (Topping in Multi Cap)
Kotak Flexicap Fund direct growth: Rs 6,000 (Topping in Multi Cap)
Hdfc Hybrid Equity Fund direct growth: Rs 7,000 (Very average performing Hybrid aggressive fund).
I chose HDFC hybrid equity fund to lower the risk of the portfolio. Shall I make changes to any of the mutual funds? For example, like moving out of HDFC hybrid equity to some other fund?

I would like to increase my investment by Rs 5,000-10,000 per month so that total investment may become Rs 30,000 per month. Which mutual fund shall I invest? Should I invest more in the same four mutual funds or invest in a scheme like Axis Large Cap Equity Fund etc.
—Dilip Singh


A moderate long-term investor is typically asked to invest mostly in flexi cap funds. You seem to be more conservative- your investments in large cap and aggressive hybrid scheme indicate that. You need to reassess your risk tolerance. If needed, consult a mutual fund advisor. You will struggle to continue with your investment if you don’t have the conviction on your plan. Your question about hybrid fund indicates that you don’t have the conviction. You should reassess your risk tolerance before increasing your investments in the existing schemes or new schemes. Remember you have a long investment horizon. That can be a great advantage if you invest properly in a disciplined manner.

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