22M starting my investing journey, but confused between my current plan and choosing Help Needed!

[AryanM]

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.

 

[saurabh.s]

Comparatively Sectorial/Thematic funds have more risks

 

[zacobite]

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.

Start with Index funds.. direct funds.. nifty 50 / next 50 / one international index fund and one debt/ gold fund.. run for 1 yr.. stay away from small / midcaps at the start... you can do that once you get regular over 12-18 mths..

 

[theraj0007]

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.

YOU CAN GO ONLY WITH MAINLY BLUECHIP MFs , MULTI CAP MFs AND LEAST IN GOLD/ SILVER ETFs THATS ENOUGH

 

[isha]

You can go with banks. Because even though bank gets corrupt or fluctuates, mutual fund will provide you promised amount of interest which is actually safe than stock market in case of investment in bank

 

[Kalyan]

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.

Your plan is more or less good as you said you are not good at keeping up with the stock market,but incase still you can make time and check you tube videos pick out some good govt stocks or blue chip companies and invest for longer time. That will save you the brokerage charges levied on mutual funds.