WigglyMarshmallow

Back again asking for investment tips from the veterans

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.

12mo ago

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BouncyDumpling

Stealth12mo

Can you invest 60k a month?

WigglyMarshmallow

Accenture12mo

that’s almost all of my salary 😂

BouncyDumpling

Stealth12mo

Yes, invest as much as your income. Your goal should be to minimise expenses and invest the rest. The best scenario is 90-95% investment of income.

BouncyDumpling

Stealth12mo

Invest as much as you can

WigglyMarshmallow

Accenture12mo

okay but give me a number no? Like at my financials what amount would be appropriate for investing per month?

SillyMochi

Stealth12mo

Correct

CosmicQuokka

Paralleldots12mo

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.

WigglyMarshmallow

Accenture12mo

100k monthly 🗿

CosmicQuokka

Paralleldots12mo

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.

SquishyQuokka

Gojek12mo

Be an investment maximalist. Aim for high %ages and curtail unnecessary wants.

WigglyMarshmallow

Accenture12mo

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🤝

SnoozyUnicorn

Student12mo

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?

WigglyMarshmallow

Accenture12mo

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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