SnoozyBurrito

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.

3mo ago

4.4Kviews

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ZestyBagel

Zomato3mo

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

Accolite3mo

Isn't parag Parikh high risk?

PerkyWalrus

Deloitte3mo

Meri jaan MF ka name bhi btado

SnoozyBurrito

Accolite3mo

Even I am asking the same thing

SparklyBiscuit

Stealth3mo

I have replied there

SparklyBiscuit

Stealth3mo

My 3 year old portfolio

SnoozyBurrito

Accolite3mo

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

DerpySushi

Mensa Brands3mo

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

ZoomyNarwhal

Deloitte3mo

Might have other financial commitments

SnoozyBurrito

Accolite3mo

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

Stealth3mo

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

SnoozyBurrito

Accolite3mo

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

Stealth3mo

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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Personal Finance16mo

by DancingPotatoStealth

Need mutual fund advice

Hi, I am new to investing, wanted to know which mutual funds should I choose. m 23 I have around 10k to invest per month ? Or you can share where are you guys investing?

Personal Finance7mo

by CosmicHamsterOracle

50k SIP - Advice needed

Guys. 22 years old. Advice needed. 50k monthly SIP. Higher risk appetite. Any suggestions on a good mutual fund portfolio? (Please don't just say index funds)

Personal Finance7mo

by CosmicHamsterOracle

Mutual funds advice

Age - 22 Risk appetite- high Monthly SIP - 35000

Quant flexi - 14000 MO Mid Cap - 10500 Nippon Small Cap - 10500

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