Is my portfolio plan good for long term ?
I was an NRI and moved back to India about a year back. I was not that familiar with Indian Stock Market and over an year I have been learning about investing in India.
I have INR 15 Lakhs (excluding savings for regular expenses and emergency funds) that I am looking invest.
I have created an account in Zerodha and planning to invest in Mutual Funds (Direct, Growth options) through Zerodha Coin app.
I am not sure if I should do lumpsum investment or SIP investment (to average out the volatility of the market). Leaning towards SIP. Please let me know if my plan is good:
Goal: FIRE, Long Term Growth that beats Inflation.
Investment Horizon: >=5 years
Total SIP per day: INR 5000
SIP planned duration: 300 days
Total Investment: INR 15,00,000 (15 Lakhs)
- NIFTY 50 Large Cap Index:
Nippon India Index Fund - Nifty 50 Plan
https://coin.zerodha.com/mf/fund/INF204K01H36/nippon-india-index-fund-nifty-50-plan-direct-growth
SIP per day = INR 2000
- NIFTY Next 50 Index:
Edelweiss Nifty Next 50 Index Fund
https://coin.zerodha.com/mf/fund/INF754K01QL5/edelweiss-nifty-next-50-index-fund-direct-growth
SIP per day = INR 1000
- NIFTY Midcap 150 Index:
Nippon India Nifty Midcap 150 Index Fund
https://coin.zerodha.com/mf/fund/INF204KB18Z7/nippon-india-nifty-midcap-150-index-fund-direct-growth
SIP per day = INR 1000
- Fixed Income or Debt or Liquid or Money Market Fund: For diversification and as alternative to Fixed Deposits
Please suggest funds.
SIP per day = INR 1000
- Should I invest in Gold or Silver funds? If yes, please suggest funds. In that case I will do SIP of INR 700 per day in Gold and INR 300 per day in Silver.
(I will change my NIFTY 50 SIP allocation to INR 1000 per day instead of INR 2000 per day if I invest in Gold / Silver.)
- Should I consider Parag Parikh Flexi Cap Fund ? Not looking for international equity exposure as I already have investments in USD via Paasa / Interactive Brokers.
Thanks in advance.