hello sir, I'm 27 , it's been 3 months i have started my government job, my salary is 30k and right now I'm living with my parents so don't have much expense and can invest upto 8-10k per month , right now i have 1.) 2k in Aditya Birla Sun life PSU equity fund direct growth 2.) 2k in Quant Infrastructure Fund direct growth 3.) 2k in Invesco India PSU Equity Fund direct growth 4.) 1k in Motilal Oswal S&P BSE Enhanced Value Index Fund direct growth and 5.) 1k in HDFC infrastructure direct Plan Growth
so can you please tell me should i continue this or change it. I have also the latest sgb series 1 share.
Ans: Hey there! It's awesome to hear that you've started your government job and are already thinking about investing for your future. Here's a breakdown of your current situation:
• You're 27 years old, just three months into your job, with a monthly salary of 30k.
• Living with your parents means lower expenses and more room to save and invest, which is fantastic!
• Currently, you're investing a total of 8-10k per month across various mutual funds.
• Additionally, you've invested in the latest Sovereign Gold Bond (SGB) series, which is a smart move.
It's essential to review your investment strategy periodically to ensure it aligns with your financial goals and risk tolerance. Here are a few points to consider:
• Diversification: It's great that you're investing across different mutual funds and also holding SGBs. Diversification helps spread risk.
• Performance: Keep an eye on the performance of your investments. If any fund consistently underperforms or doesn't align with your goals, you may consider switching.
• Risk: Assess the risk level of each fund and make sure it matches your comfort level. Some funds may be more volatile than others.
As a Certified Financial Planner, I recommend reviewing your portfolio with a professional to get personalized advice based on your financial goals and circumstances. They can help you make informed decisions and optimize your investments for the long term.
Remember, investing is a journey, and it's essential to stay disciplined and patient. Keep up the good work, and if you ever have any questions or need further guidance, feel free to reach out. You're on the right track!
