Suggestions needed on Mutual fund SIPs

Hi, Just to give you a rough idea - To accumulate Rs 50 Lakh in 10 years from now assuming the rate of return as 12%, you need to invest around Rs 2.8 Lakh per annum. Read: http://www.relakhs.com/retirement-planning-calculator-3-easy-steps/ http://www.relakhs.com/calculate-future-value-investments/ My picks in Equity oriented balanced funds are - HDFC Balanced fund / TATA balanced fund / SBI balanced fund / ICICI Balanced fund. The other two funds are good ones. Read: http://www.relakhs.com/best-mutual-fund-scheme-risk-ratios/ http://www.relakhs.com/top-best-balanced-mutual-funds-returns/  

Thanks for the reply. I am thinking of changing my plans and want to invest for goals now. i want to have a corpus of 5 crores for my retirement. (32 years to retire). My broker told to start SIP of 10,000 in ICICI value discovery. He says around 15% returns we can expect. But i read a lot of your articles and it always considers maximum 12% as returns. Can you please suggest if this MF is good enough and should i Split this 10000 Rs SIP into 2?

Hi, I am trying to sound CONSERVATIVE and may be realistic. We get returns anything above 12% in long-term, it is a bonus. One has to invest for long-term and in this duration has to manage his/her managements well to get good inflation adjusted returns. Suggest you to kindly go through the below article and you may revert to me with your calculations/analysis; http://www.relakhs.com/retirement-planning-calculator-3-easy-steps/  

Thanks for you reply. I did my calculations and need to invest Rs. 10000/month for 32 years considering the returns to be 12%. As i told earlier, my broker told to start SIP of 10,000 in ICICI value discovery. Is it a good fund to invest in? If not, can you suggest any other fund considering my goal? Shall I put all of 10000 in one MF scheme or should I split it? Kindly suggest. Thanks in advance!

Hi, It is a good fund. You may add one Mid/small cap fund, considering the fact that you are investing for a very longer period. Mid-cap - Ex : HDFC Mid-cap opportunities, UTI mid-cap, Mirae Emerging bluechip, Franklin Prima etc., Small cap - Franklin Smaller companies fund, DSP micro cap etc.,