Help me improve my investments!
28M earning 2.1LPM and currently investing 14k/month on MF. Also have a ULIP which I put 2.5L/year. Currently don't have any loans to pay off and avg monthly spent is 50-70k. Sharing the monthly MF SIP details below:
Nippon multi cap - 2.5k UTI N50 index fund - 2k Axis small cap - 3.5k Motilal Oswal midcap - 2k Quant smallcal - 4k
Apart from this, I have another 10L available in hand which I can invest now. Can anyone please help me improve here or any tips/sugg?
Thank you!
Talking product sense with Ridhi
9 min AI interview5 questions
Too many mutual funds. Check the expense ratio ( exit load, if any). Today the amount in your portfolio may be less. But when the size of corpus grows big, this will tend to bite. Many mutual funds doesnt mean, returns will be safe. Too small SIP will also affect returns.
The Mutual fund industry is trying to capture the "bottom of the pyramid", hence the come up with all the "small SIP, big return over long term" nonsense. From a mutual fund perspective, it is easier for them to catch 10000 people investing 100 than, finding 10 people investing 1Lakh or 1 person investing 10L.
When you see a Bollywood bimbo or cricketer coming in ads and giving advice, remember - they know shit.
Got it! Yeah I've been investigating on these MFs for an year now and getting 12%. And yes, I have checked exp ratio, exit load before picking these, all of it <=1% only.
Anyways will think about your suggs, thanks!