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

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

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I have a moderate risk appetite. I have invested a lump sum of Rs 20,000 in ICICI Prudential Bluechip Fund and Rs 40,000 in Axis Long Term Equity Fund (direct plan) and SIPs of Rs 1,500 in each of them. Recently, I have invested in Mirae Asset India Equity (direct), L&T Midcap Fund (direct growth) and HDFC Small Cap Fund (direct growth) with Rs 10,000 as a lumpsum and Rs 1,000 via monthly SIP. I want to hold them for 10 years to make a corpus of Rs 1 crore. Are these good funds and can I reach my target with the same sip in these funds with a 5% hike every year? Kindly advice.
–Aakash Teja

You are currently investing in two large cap schemes (Mirae multi cap scheme is a large cap scheme now), a tax saving scheme (ELSS), mid cap scheme, and small cap scheme. If you are a moderate investor, you should not be investing in mid cap and small cap schemes. These schemes are highly risky and they are suitable for investors with a large risk appetite. You have chosen good individual performers, but you must ensure that they are in line with your risk profile.

Assuming an annual return of 12 per cent, you have to invest around Rs 43,000 per month to create a corpus of Rs 1 crore.

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