Planning Rs 50 lakh in 10 years? Here’s whether largecap and balanced advantage SIPs are suitable

Are you a student and started two SIPs of Rs 2,000 each, one in a large-cap equity fund and the other in a balanced advantage fund and wondering if these are appropriate given the age, risk profile and aim to make Rs 50 lakh over the next 10 years? Here is what an expert says, as reported by ETWealth. The expert said the choice of a large-cap fund and a balanced advantage fund reflects discipline and a preference for stability. At this age, short-term market ups and downs need not be feared. Being slightly more growth-oriented now can meaningfully improve outcomes. That said, fund selection alone will not take you to a Rs 50 lakh corpus in 10 years. The expert further said that the real driver of wealth is the amount you invest and how consistently you increase it as your income grows. A modest SIP is a strong starting point, but it must evolve with your career. At 20, your most valuable asset is not your portfolio, it is your earning potential. Focus on building that, step up your investments steadily, and let time and discipline do the heavy lifting. You are on the right path.