Presently I don’t have any SIP investment. Have I missed the bus?

Ans: The funds will depend on your future requirements and the time duration of your investment.
Generally for a younger age group who has a time horizon of 7 years + , one can invest in small caps, mid caps and thematic funds.

Ans: Given your age and existing SIP investments, here's a suggested allocation for the additional ?20,000 SIP investment per month:

Large Cap Fund: Allocate ?5,000 to a large-cap fund for stability and consistent returns.
Mid Cap Fund: Allocate ?5,000 to a mid-cap fund for potential growth opportunities.
Flexi Cap Fund: Allocate ?5,000 to a flexi-cap fund for flexibility across market caps.
Balanced Advantage Fund: Allocate ?5,000 to a balanced advantage fund for dynamic asset allocation based on market conditions.
Ensure to select funds with a consistent track record, experienced fund managers, and low expense ratios. Regularly review your portfolio's performance and adjust allocations if needed to stay aligned with your financial goals and risk tolerance. Consulting with a financial advisor can also provide personalized recommendations based on your specific situation and objectives.

Ans: I recommend continuing with the "Mirae Asset Emerging Bluechip Fund" & "Parag Parikh Flexicap Fund" as these funds have good track record of performance and has generated returns that are above the benchmark index over a long period of time.

However, I recommend you to discontinue your investments in the following funds:

1. Axis Long Term Equity Fund- This fund has shown inconsistency in returns over a period of time and shows inconsistency in returns and its performance in comparison to its peers.

2. Nippon India Pharma Fund and Tata Digital India Fund- These are sectoral funds, which means that they invest in companies belonging to a single sector, pharma and technology respectively. Sectoral funds are exposed to higher risk than diversified funds, as their performance depends on the performance of a single sector. Additionally, sectoral funds are unlikely to generate returns that are significantly higher than the benchmark index, as they are passively managed and track a sector index.

Ans: It's great that you're looking to start investing through SIPs with your monthly savings! Here's some advice tailored to your budget:

Start Small: Even with a modest monthly savings of Rs. 1000 to 2500, you can begin investing through SIPs. The key is to start early and remain consistent with your contributions.
Choose Low-Cost Funds: Look for mutual funds with low expense ratios, as they minimize the impact of fees on your returns. Opt for direct plans of mutual funds to save on distribution expenses.
Focus on Equity Funds: Given your long-term investment horizon, consider investing in equity mutual funds. These funds have the potential to deliver higher returns over the long run, although they come with higher volatility.
Diversify Your Portfolio: Select a mix of different types of equity funds, such as large-cap, mid-cap, and multi-cap funds, to spread your risk across various market segments. Diversification can help mitigate the impact of market fluctuations.
Stay Invested for the Long Term: SIPs work best when you stay invested for the long term, allowing your investments to benefit from the power of compounding. Aim to invest consistently over several years to maximize your returns.
Review and Adjust: Periodically review your SIP investments to ensure they align with your financial goals and risk tolerance. You may need to adjust your investment strategy based on changes in your financial situation or market conditions.
Stay Informed: Take the time to educate yourself about mutual funds, investment strategies, and market trends. This knowledge will empower you to make informed decisions and stay on track with your financial goals.
Consult a Financial Advisor: If you're unsure about which funds to invest in or how to construct your investment portfolio, consider consulting a financial advisor. They can provide personalized advice based on your financial situation and goals.
By following these tips and starting your SIP journey with discipline and patience, you can gradually build wealth over time and work towards achieving your financial objectives. Remember, every rupee invested today can make a difference in securing your financial future tomorrow.