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)
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:
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
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)
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I’ll go first.
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