Forget HDFC. They are one of the worst return funds and you are probably being sold “regular” plans from the bank. Go for “direct” plans on Coin.
For Gold and silver, go for SBI funds - probably lowest expense ratio among all.
For liquid fund - go jio BlackRock or edelweiss - lowest in market expense.
You dont need large cap funds - invest in nifty 50 or nifty next 50 funds to cover large cap. Skip HDFC - they are loots and cheats. Do not listen to the salesman - he is going to lie to make the sale. He wants you to be tricked into buying “regular” funds which have almost 2x of the expense ratio and so that lowers your returns by 3-5% pa. Always go for “direct” funds only.
I am not very close to the other funds you have mentioned so I will not comment there - others can help better.
Yes - assuming 10% annual return - not realistic though, you would need to put in 50 lacs now to get another 50 lacs in the next 10 years.
Short answer
If one invests in (broad market) equity fund monthly 50,000 assuming 12% returns yes it’s possible to get 1 Crore
Long answer
Notice word “possible” in short answer. Why it is so?.. its because returns are not guaranteed in a sense they are guaranteed in FD.
Also, what if market crashed to 40% at 8th year and remain at the same level for next 4 years?
So, it Requires some strategy for this goal and some understanding risk in strategy.
How it can be done?
Spend some time, do research, gain knowledge and become DIY investor. Its something like studying medicine and purchasing medicines from medical shop directly.
You save on doctors fees but if something is serious then probably you have lost initial golden period where situation can be recovered easily.
Get help financial advisor, pay onetime fee and implement his/her suggestions.
it’s like paying fees to doctor and going with prescription to medical shop.
problem is what if something changes over 10 years? what if ,strategy requires course correction?
Get help of mutual fund distributor. ask him to do goal planning for achieving 1 cr in 10 years.
problem is that every year advisor will get paid for the advice he has given once.
advantage is MFD will always be in touch with you and if something drastically changes (S)he will do the course correction in strategy.
Other thing is MFDs payout is directly dependent on your wealth, any sane MFD will try to maximize your wealth
Common problem in 2 and 3 is what if advisor/MFD is not competent enough? Its something like
The AIIMS doctor if far more competent than my mohalla doctor. But I have access to Mohalla doctor.
Should I take advice of Mohalla doctor, or should I self medicate, thinking I understand more than mohalla doctor who is professional degree holder.
These are difficult options, and you will have to choose your own option. Certainly don’t solely depend on advise given by random persons (including my own which is just below) without understanding why.
Coming back to 2nd question
Typically, if you don’t need money for 7-10 years you can do SIP in equity fund.
In absence of any specialized knowledge , as suggested in earlier responses Index equity fund is suitable option.
However, once you go near goal post, things get bit tricky. What if market crashed, when you need money?
For this purpose, you need to start moving money in safer fund category( hybrid funds, liquid funds).
When to start transition, how much to move and which category to move is called gliding. This transitioning depends on your risk profile.
Competent Advisor/MFD will be able to do risk profiling for you and suggest glide path which balances returns for the risk taking capability you have.