Hello everyone! 22M here. I recently moved back to my hometown to live with my parents after graduating last year. My monthly income is INR 23,000, out of which I can spare INR 7,500 for investment. I am not good at keeping up with the stock market, so I plan to start my SIPs with Mutual Funds.
Here is how I plan to invest my INR 7,500 using the Groww App:
INR 2,500 in Large Cap MF - Nippon India Large Cap Fund Direct-Growth
INR 1,500 in Mid Cap MF - Quant Mid Cap Fund Direct-Growth
INR 1,500 in Small Cap MF - Quant Small Cap Fund Direct Plan-Growth
INR 2,000 in Sectoral/Thematic MF - SBI PSU Direct Plan-Growth
I plan to increase each investment by 10% every year. After researching, watching YouTube videos, reading blogs, and such, I have come up with this plan, some of my friends suggested I go for index funds instead of this. However, I wanted to ask you guys if this is a good plan. Any advice, suggestions, or changes would be greatly appreciated. It would help me in starting my investing journey.
Here is how I plan to invest my INR 7,500 using the Groww App:
INR 2,500 in Large Cap MF - Nippon India Large Cap Fund Direct-Growth
INR 1,500 in Mid Cap MF - Quant Mid Cap Fund Direct-Growth
INR 1,500 in Small Cap MF - Quant Small Cap Fund Direct Plan-Growth
INR 2,000 in Sectoral/Thematic MF - SBI PSU Direct Plan-Growth
I plan to increase each investment by 10% every year. After researching, watching YouTube videos, reading blogs, and such, I have come up with this plan, some of my friends suggested I go for index funds instead of this. However, I wanted to ask you guys if this is a good plan. Any advice, suggestions, or changes would be greatly appreciated. It would help me in starting my investing journey.