Hi everyone,
First of all I will introduce myself currently I am working in hcl technologies as software engineer and earning aroung 24k per month and I am 25 year old and may be get married in next coming 2 year.
Now coming to question currently I am saving money in mutual fund around 8k my question is that I am saving money in right mutual fund and talking about my allocation of mutual fund currently saving 25-25-25-25% in below mutual fund
1. Axis Midcap direct plan growth.
2. Edelweiss small cap fund direct growth.
3. ICICI prudential commodities fund direct growth.
4. Nippon india small cap fund direct growth.
Should I have to change my mutual fund my goal is to save some money for future and should have money after marriage so that overcome basic necessity.
Should I have to save more money because right now have no expenditure
Ans: Hello, assuming your wedding is in 2 years and your expenses will be done completely by you , you have to be a little careful when you invest money in equities with a 2 year point of view as equity can be super volatile.
Since the wedding is a compulsary expense, you can bifurcate your investments into 2 parts - 75% in debt or debt hybrid funds and 25% in equity funds like your mid or small cap