Review my monthly SIP of 91k
Please evaluate my monthly equity SIP allocation and suggest any changes.
Monthly in-hand salary (after tax): ₹2.6 lakh
Age: 23
Monthly Mutual Fund SIP:
- Total: ₹91,000
- Axis Small Cap: ₹5,000
- Axis Mid Cap: ₹10,000
- Parag Parikh Flexi Cap: ₹28,000
- ICICI Prudential Nifty 50 Index: ₹32,000
- Motilal Oswal Nasdaq 100 FoF: ₹16,000
The rest of my salary goes towards expenses, FDs, NPS, P2P investments, etc. I am also accumulating wealth in short-term investment products for a down payment as I plan to invest in a house next year (for rental income). Not willing to withdraw from mutual funds at least for the next 6-7 years, maybe even 10 years.
Should I shift my mid-cap/small-cap SIPs rom Axis to Quant due to the hype around Quant AMC these days?
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Which company are you working in??
You sir are going to become a millionaire by 50 🫡
2.6 lakh a month post tax 😵💫
Congratulations on the salary. You should be good with basic returns as your salary growth will be better than rest.
I think you can take but more risk and increase the small cap amount, and remove the midcap.
I also have similar take home, and expenses are way less, I invest only in quant small cap and ICICI nifty50
Bro which company you are working for??
How did you reach such high figure salary mate?
In 10 years your portfolio should be close to 2.5cr but I recommend you remain invested for a few more years to exponentially grow the money (15 years - over 6 cr, 20 years - over 13 cr approx). In the game of investing time is the most important factor as compounding comes into play. Also you should put more of your money into a small cap fund like from quant or sbi and invest lesser in the index fund as you are young and can take better risks. Also try to diversify and invest in debt assets like bonds/high ROI FDs (via wint wealth maybe) or debt funds so that everything isn't only in equity. Also here's why you shouldn't invest in NPS - https://www.instagram.com/reel/C70vQeINfz-/?igsh=MWoxazdiN3c5dzllMg==
Canara rebaco fund is also best i got 110% return in 3 years