I started SIP of Rs 13,500 which is as follows:
Canara Robeco Bluechip Equity Fund – Rs 5,000
PGIM India Midcap Opportunities Fund – Rs 3,000
Quant Small Cap Fund – Rs 2,000
Nippon India Large Cap Fund – Rs 1,000
PGIM India Global Equity Opportunities Fund – Rs 1,500
Elss – Rs 500
ICICI Prudential Technology Fund – Rs 500
I want your suggestions as I am new to investing.
Joydeep Sen, Corporate trainer and author, based out of Mumbai responds:
You are doing it right. In case of ELSS, you have not mentioned the name of the fund. I presume it is an ELSS fund of a good AMC. To be noted, your allocation is 100% to equity, which is ok because you are young and have a long investment horizon. However, sometimes it can be volatile and you have to sit through those phases.