Can I expect 14 to 15 percent return from my mutual fund investments

Your fund selection for SIPs are good excepting TATA Equity PE Fund. You have selected mostly mid cap funds and there is one from balanced and two from diversified equity fund category. Therefore, overall the portfolio is quite aggressive. In place of TATA Equity PE fund, you can select a diversified or large cap fund. SBI Bluechip Fund or Birla Sun Life Equity Funds could be good choices.

With regards to your return expectations, please note that historically, good equity funds have delivered return in the range of 14-15% and therefore you can expect that. Having said that, it would be better to plan your goals (which you are trying to achieve through these investments) with an expectation of 12% only. It is better to be conservative as you never know how the market returns will unfold in future.

Your idea of investing in debt fund and MIP is good. However, expecting 12% from debt fund is very high. You can select good performing debt funds and MIPs from our research section - please check this link - Top Consistent Mutual Fund Performers.

Hope the above answers your query well. Thanks for writing to Advisorkhoj!