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SnoozyBurrito
SnoozyBurrito
Accolite

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.

6mo ago
ZestyBagel
ZestyBagel
Zomato6mo

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

SnoozyBurrito
SnoozyBurrito
Accolite6mo

Isn't parag Parikh high risk?

PerkyWalrus
PerkyWalrus
Deloitte6mo

Meri jaan MF ka name bhi btado

SnoozyBurrito
SnoozyBurrito
Accolite6mo

Even I am asking the same thing

SparklyBiscuit
SparklyBiscuit
Stealth6mo

I have replied there

SparklyBiscuit
SparklyBiscuit
Stealth6mo

My 3 year old portfolio

image
SnoozyBurrito
SnoozyBurrito
Accolite6mo

Kindly name the SIPs and how much you invested monthly!!

DerpySushi
DerpySushi
Stealth6mo

Why only 3k? you can think about SIP of 10k

ZoomyNarwhal
ZoomyNarwhal
Deloitte6mo

Might have other financial commitments

SnoozyBurrito
SnoozyBurrito
Accolite6mo

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?

ZestyBurrito
ZestyBurrito
Stealth6mo

You can start with Index fund. Nifty 50, nifty next 50. Or you can also check parag parikh flexi cap

SnoozyBurrito
SnoozyBurrito
Accolite6mo

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?

JumpyPancake
JumpyPancake
Stealth6mo

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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