I wish to accumulate Rs 75 lakh in 10 years. I can invest Rs 18,000 a month. I have been investing for the past eight months in various funds via SIPs, as follows: Rs 4,000 each in HDFC Equity, SBI FMCG, Reliance Pharma, Franklin India Bluechip and Rs 2,000 in Sundaram Select Midcap.

I am bullish on the FMCG and Pharma sectors. Will I achieve my goal with my present investments?

Sunder For you to achieve a corpus of Rs 75 lakh in 10 years, with a monthly investment of Rs 18,000, the returns need to be as high as 22 per cent per annum. That is an extremely optimistic figure.

If you tone down your returns expectation to, say, 15 per cent, you can reach your target in about 12 years’ time.

Sector funds require great care in terms of entry and exit as well as prudence in booking profits. You might be better off investing in good diversified funds.

Retain HDFC Equity and invest Rs 3,000 in Franklin India Bluechip. Switch over from Reliance Pharma to Reliance Equity Opportunities, a multi-cap fund that has delivered strong performance over the past three-four years. Invest Rs 3,000 in the fund.

Move out from SBI FMCG to Quantum Long Term Equity and invest Rs 4,000 here. Sundaram Select Midcap is a reasonably good fund. But there are others in the midcap space that have delivered superior performances. So invest the balance Rs 4,000 in IDFC Premier Equity.

Review your portfolio periodically and take corrective action in terms of weeding out underperformers and to rebalance.

Queries may be e-mailed to >mf@thehindu.co.in

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