So, I have started investing in MFs. Started from very low amt of 7k pm which is divided into 3 parts: Large Cap: 2.5k, Medium Cap: 2.5k and Small Cap: 2k.
MF Invested: Icici bluechip direct growth, HDFC mid cap direct growth and Quant small cap direct growth
My financials: Fixed: 8L
Now my question is, in coming 6 months by what amount or % should I increase my monthly SIP.
When I started working at 33k monthly salary I was investing 20k monthly, at end of that year after growth it became almost 3 lakh rupees.
Invest the maximum possible amount, I'd recommend not to do too much diversification, keep it 1-2 MF at max if each instalment is less than 100k monthly.
100k monthly 🗿
Not everything can be publicly sane.
There's a reason gyan givers at times often say,
"Do as I say, Not as I do" to save their credibility.
I'm typing my 💬 rationale is if I have say 40k to invest monthly, better put all in one or maybe 2 splits at max, instead of 8k each in 5 different places, even one of them gives outsized gains like 30% if base share of that instrument in your total portfolio is smaller it won't make significant impact in growing the overall amount.
Be an investment maximalist. Aim for high %ages and curtail unnecessary wants.
doing that only, earning feels like monthly allowance that I never got. So I don’t know what to do with this money so earlier I was just making FDs but now I want to explore MF side hence the post. Anyways, thanks for the input🤝
25% of your in hand salary per month should be a good number. Again depends on your personal spending habits. If you don’t have a family dependent on you, neither do you spend a lot on going out or shopping, then you can even save even more. But 25% should be a good number. What do you think?
I think 25% is a good amount for starting, also I don’t go out a lot so the remaining is my source of emergency funds 😀
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