I am planning to start investing in mutual funds and below is my query:
I am a 21-year-old salaried professional and I just started working and I can save ₹15,000 per month and I want to start investing in 4 goals: Retirement(40 years), Home(10-12 years), Sisters Marriage (~12 years) & Car (5 years).
It will be great if you experienced people could suggest how can I align my goals with my SIPs and it will be a big big help if you could suggest funds as well:slight_smile:
And a reply from @nithin would be just a dream come true because I paid for a Zerodha account just to get started on Coin.
My personal strategy in life has been to be concentrated and take aggressive approach from when I was very young. Worked out for me, which may not really be the right thing to do for everyone. So if I was 21 years old and had 15k to save, I’d put 7.5k divided into two good midcap funds. The remaining 7.5k I’d keep it in a liquid fund (fixed income) and try to time the market (wait for corrections to either invest directly into a list of stocks that I would want to buy or if there is none, into an aggressive equity fund itself). I know people say it is almost impossible to time it, but that is how you can generate a lot more alpha for your portfolio. But yeah, don’t know if this will be the right thing to do.
Thanks @nithin for the reply that does sound like a great strategy if one is actively looking into the market, I am just starting my career and want to grow that part of my life as well alongside the money I make, so, for now, I am more leaning towards a passive approach, but as soon as I feel I am on the right track I will definitely think of this strategy.
@uditravichugh congrts on deciding investment at a young age of 21:). personally i studied till my 22 age… its betters to diversfy your eqyity portfoilio 40 % insmallcap , 50 % inmidcal & 10% on Large cap stocks… Its always better to do some fundamaental analysis before investing …u can take help from Smallcase screener from Zerodha to finilize ur selection by filtereing diffrent parametes…And if your looking for good returns atleast keep your time horizon atleast 6 to 8 years… good luck