Is it possible to save Rs 1.35 crore in 5 years?

economictimes.indiatimes.com:

invested in the right funds and if their fund portfolio is on track. The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.

Suthaharan M. is targeting a corpus of Rs.1.35 crore in five years. Here’s what the doctor has advised him.
PORTFOLIO CHECK-UP

• Has been investing in a clutch of equity funds for the past 10 years.
• Target of Rs.1.35 crore is very ambitious and needs to be pruned.
• Cut target to Rs.1 crore to reach it realistically.
• Monthly investments will also have to be increased to Rs.45,000.
• SIPs will also need to be raised by 10% every year.

Note from the doctor

• For the first five years, the monthly investments were very low.
• Started investing bigger amounts only five years ago.
• Underperformers in the portfolio mean that investor doesn’t review it.
• Review investments and rebalance at least once in a year.

Early start makes ambitious goals easy

Shrish Bhattacharya is investing for multiple goals. Here’s what the doctor has advised him.

PORTFOLIO CHECK-UP

• Has been investing in fixed income options and equity funds for 4-5 years.
• Goals are ambitious but early start and regular investing will help reach them.
• SIPs will have to be increased by 5% every year.
• Use fixed deposits and debt funds for the down payment of house.
• Keep equity funds for long-term