Seeking suggestion for Mutual funds for 1.3 Lakh SIP

Personal finance
1

I’m a 28-year-old professional in the IT sector. Recently married
Investment duration: 20+ years
Risk profile: Moderately Aggressive

Investment -
GOLD - ₹ 80,769.00
MUTUAL FUNDS - ₹ 8,49,957.00
SAVINGS BANK BALANCE - ₹ 4,41,498.00
EPF/VPF - ₹ 3,70,100.00
PUBLIC PROVIDENT FUND - ₹ 1,50,000.00

Mutual Funds -
ICICI Prudential Nifty 50 Index Fund - ₹ 1.62 L
Motilal Oswal nifty Midcap 150 Index Fund - ₹ 2.08 L
Parag Parikh Flexi Cap Fund - ₹ 1.9 L
Quant Active Fund - ₹ 2.0 L
Quant Small Cap Fund - ₹ 89.99 K

Recently, I got a promotion due to which there is hike in my in hand salary. Right now I can invest around 1.3 Lakh per month as SIP.
Note - I don’t want to continue with Quant(too much volatile) even though I have done my SIP in this correction even in March & April & mid cap (overvalued). I can handle fall but Quant is too much.

Of course I am not going to withdraw my money from any of these funds right now the loss is in app if I liquidate it would be real. I want suggestion for new one.

Please suggest me new SIP distribution along with MF name, in which I would invest for next 20+years with 10% step-up.

2

I am sure you must have taken Life Insurance now that you are married . I am sure experts will advise where to park investments.

3

Yes I have Term(3.5 Cr) & health insurance(15 Lakh) both. Thanks

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4

One other product which I forgot to mention NPS - Read about it. It is a asset allocation by itself. Funds invested cannot be take out until 60 years and hence you have a good time for the money to churn. Earlier we had tax benefits as well.

5

Use % not absolute values. Have 10% of gold in your portfolio

6

Some of the good funds available

  • Nippon India large cap OR HDFC BSE Sensex Index Growth Direct Plan OR UTI Nifty 50 Index Growth Direct Plan
  • Motilal Oswal Large & Midcap Growth Direct Plan
  • Motilal Oswal Midcap Growth Direct Plan
  • SBI Contra Growth Direct Plan
  • Nippon India multi cap
  • Parag Parikh Flexi Cap Growth Direct Plan
  • Nippon small cap or Bandhan small cap
7

No MF suggestions but suggest to read below two books, gives nice understanding on finance in general. You can listen to them in audible as well.

Let’s Talk Money
Let’s Talk Mutual Funds: A Systematic, Smart Way to Make Them Work for You

By Monika Halan

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