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.
LinedHorn
Stealth
9 months ago
Invest as much as you can
okay but give me a number no? Like at my financials what amount would be appropriate for investing per month?
Brutallyhonest
Stealth
9 months ago
Correct
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LinedHorn
Stealth
9 months ago
Can you invest 60k a month?
LinedHorn
Stealth
9 months ago
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.
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EncryptedName
Student
9 months ago
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 😀
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.
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.
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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🤝
Brutallyhonest
Stealth
9 months ago
Looks like everyone is looking for advise or social validation. Learn how to invest and do assessment on your own risk appetite. For Peter sake stop asking formula for everything
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