42 yr old now. By 52, want to make 5Cr with MFs.
Risk Appetite – Aggressive
Goal – Children education & wealth creation
Horizon – 10-25 years?
Allocation – SIP & Lumpsum
App Used – AI Tools - Claude; M365 Copilot; Youtube; AngelOne; MFAPI
Why These Funds – These are top rated in each category and AI report showed these fit well to my strategy.
42 yr old. 2 children. 7 and 3 years. Woke up late into investing and regretting. Chose below 3 MFs after studying the concepts and yesterday, invested 25K lumpsum in each ( 75K total).
Nippon India Multi Asset Allocation
Parag Parikh Flexi Cap
Bandhan Small Cap
1Finance.Com MF overlap map shows healthy. Used process described in MarketFeed Youtube channel https://www.youtube.com/watch?v=baoQkG5VXMA on using AI MF portfolio analyser.
I decided to make 5 Crore INR in 10 years ( by age 52 yrs and inflation adjusted real value would be then 2.79 Cr). AI gave below calculations at 15% returns.
>Fixed inputs : SIP ₹1,00,000/month (₹33,333 per fund) · Target ₹5 Cr · Horizon 10 years · Solve for: lump sum Y0
>Recommended action: Deploy ₹49.9 Lakhs as lump sum today + ₹1 Lakh/month SIP.
>Practical recommendation: Deploy ₹16–28 Lakhs today (covering 20–18% return range) to de-risk the outcome. Splits ₹33,333/fund on SIP.
I need more MFs in portfolio to achieve this or deploy suggested lumpsum amounts which is impractical to me.
I may try to increase SIP from current 1L/month but not such huge lumpsum + with my nascent knowledge, I will never know the right time to put large money.
Please help with finding other MFs. I found about these 2 :
Nippon India Taiwan Equity Fund
Mirae Asset NYSE FANG+ ETF/FoF
but both Funds aren't allowing SUP/lumpsum on AngelOne.
Please help -
find right MFs. I can't trade in stocks.
Is my goal appropriate?
All this while I wasn't feeling good that I didn't start investment at all and now feeling miserable about my financial goals and way to achieve it.