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?
Which company are you working in??
You sir are going to become a millionaire by 50 🫡
2.6 lakh a month post tax 😵💫
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