Will these mutual funds help me to make Rs 1 crore?

Kindly review my portfolio and advise if any changes are needed .My Risk profile is moderate to high. I have been investing through SIPs in the last 18 months.

Axis Bluechip Fund : Rs 5,000
Mirae Asset Emerging Bluechip Fund: Rs 2,500
Kotak Multi Asset Allocator FoF-Dynamic: Rs 5,000
Parag Parikh Flexicap Fund: Rs 4,000
Canara Robeco Equity Hybrid Fund: Rs 3,500

I want to create a corpus of Rs 1 crore in the next 10-12 years.
Kindly advise if the above fund selection is good.
-–Kaku Duggal

Assuming you make an annual return of 12%, you need to invest around Rs 43,000 every month to create a corpus of Rs 1 crore in 10 years. You are currently investing Rs 20,000. That means you need to invest more to create your target corpus.

It is not clear why you have chosen to invest in a multi asset fund and hybrid scheme to achieve your long-term goal. If the idea is to diversify and reduce the overall risk, you should keep in mind that the strategy might also offer you lower risk. You should also remember that Axis Bluechip Fund has been underperforming for the last two years.

If you don’t know much about the basics of investing and mutual funds, you should hire a mutual fund advisor. Gain confidence and knowledge before taking care of your investment decisions on your own.