DancingMochi
DancingMochi

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?

6mo ago
4.3Kviews
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JazzyJellybean
JazzyJellybean

Which company are you working in??

ZippyPotato
ZippyPotato

You sir are going to become a millionaire by 50 🫡

FluffyWaffle
FluffyWaffle

Why same amc 2 funds

DancingMochi
DancingMochi

why not?

GigglyPotato
GigglyPotato

2.6 lakh a month post tax 😵‍💫

SillyPenguin
SillyPenguin

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

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