Best mutual fund for a 23 year old
Hey there grapeviners, I am 23 year old software engineer who earns around 50k/ month. I have an equity portfolio of 55k (20% profit). I am thinking about starting a SIP but have no knowledge about good ones. Can some experienced folks suggest some good MFs for 3 years of timeframe? Risk factor could be between medium to high and I am thinking about investing 2-3k per month.
I am starting MF and thinking about investing in
Flexi cap - Parag Parikh
Mid cap - Motilal Oswal / Quant
Small cap - Nippon / Quant / Sbi
And Index fund
UsedSundae
Stealth
20 days ago
My 3 year old portfolio
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UsedSundae
Stealth
19 days ago
I have replied there
Ghumu
Stealth
20 days ago
You can start with Index fund. Nifty 50, nifty next 50. Or you can also check parag parikh flexi cap
A lot of people suggesting parag Parikh. I am new to all this but I saw there are many MFs with better yearly return. Then why are everyone going with parag Parikh? What am I missing?
Returns are not the only thing that matter. You also need to consider the risk i.e. when market goes down your fund should not lose too much money. Parag Parikh has maintained a good balance for a long time. It’s one of the best funds for long term investment.
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I live in gurgaon, so 25k is spent as my living expenses. Also I can stretch it to 5k-6k but let's say in this unsafe tech environment if I don't have a job. Can I end my MF? Is it possible. If yes then how much of my investment will get back?
