Fintech India Community

by Lspo

3 months ago

Review my monthly SIP of 91k

Please evaluate my monthly equity SIP allocation and suggest any changes. Monthly in-hand salary (after tax): ₹2.6 lakh Age: 23 Monthly Mutual Fund SIP: - Total: ₹91,000 - Axis Small Cap: ₹5,000 - Axis Mid Cap: ₹10,000 - Parag Parikh Flexi Cap: ₹28,000 - ICICI Prudential Nifty 50 Index: ₹32,000 - Motilal Oswal Nasdaq 100 FoF: ₹16,000 The rest of my salary goes towards expenses, FDs, NPS, P2P investments, etc. I am also accumulating wealth in short-term investment products for a down payment as I plan to invest in a house next year (for rental income). Not willing to withdraw from mutual funds at least for the next 6-7 years, maybe even 10 years. Should I shift my mid-cap/small-cap SIPs rom Axis to Quant due to the hype around Quant AMC these days?

Mad

PhonePe

3 months ago

Which company are you working in??

VioletMovie

Accenture

3 months ago

You sir are going to become a millionaire by 50 🫡

Frostygig5

Stealth

3 months ago

Why same amc 2 funds

Lspo

Software engineer

3 months ago

why not?

Joydeath

Stealth

3 months ago

2.6 lakh a month post tax 😵‍💫

Dekisugi

Salesforce

3 months ago

Congratulations on the salary. You should be good with basic returns as your salary growth will be better than rest. I think you can take but more risk and increase the small cap amount, and remove the midcap. I also have similar take home, and expenses are way less, I invest only in quant small cap and ICICI nifty50

FireHawk

Javis

3 months ago

Bro which company you are working for??

FreshDew5

Oracle

3 months ago

Unnecessarily cluttered portfolio. Plus, why Axis for small cap? Quant beats everyone. And you also have a flexi cap and a mid cap.

brayvefart

Stealth

2 months ago

In 10 years your portfolio should be close to 2.5cr but I recommend you remain invested for a few more years to exponentially grow the money (15 years - over 6 cr, 20 years - over 13 cr approx). In the game of investing time is the most important factor as compounding comes into play. Also you should put more of your money into a small cap fund like from quant or sbi and invest lesser in the index fund as you are young and can take better risks. Also try to diversify and invest in debt assets like bonds/high ROI FDs (via wint wealth maybe) or debt funds so that everything isn't only in equity. Also here's why you shouldn't invest in NPS - https://www.instagram.com/reel/C70vQeINfz-/?igsh=MWoxazdiN3c5dzllMg==

Bhalu

Paytm

3 months ago

Flexi cap fund is already investing in small/medium, so investing is small and mid cap funds separately seems redundant. Rest looks good to me.

Kron10

Navi Technologies

3 months ago

@Lspo i think you can go more bullish on small cap funds by diverting some money from index funds, also yeah better to move to quant, also elss funds are tax free, try those as well from quant. Just curious, where do you work and what role?

splender

Startup

3 months ago

Instead of axis, you can choose ICICI prudential only. Nifty, nifty next 50, nifty midcap.

splender

Startup

3 months ago

Don't choose AMC by hype. Check their funds manager. And it's past performance. Also check underlying companies.

Kaushik51803

GMR Infrastructure

3 months ago

You can add SBI Smallcap Index250 in your current portfolio.

OddInsert

Student

3 months ago

Canara rebaco fund is also best i got 110% return in 3 years