Portfolio Review - 25 Year Old | ₹37K SIP | Masters (2-4 yrs) | Long Term Wealth
Hi, I have only recently started investing (2024) and am looking for a portfolio review to make sure my investments are in line with me goals. Would really appreciate your thoughts. Here are my details:
Age: 23 Monthly income: ₹58K Monthly SIP: ₹37K Living with parents so expenses are low
Current invested corpus: ~₹5.8L
₹3.7L → Bandhan Nifty 50 Index Fund ₹1.22L → Canara Robeco Small Cap Fund ₹81K → Tata Money Market Fund ₹8.9K → Axis Large Cap Fund (stopped SIP)
Sometimes after SIP + expenses, I still have some surplus, but I usually just keep it in my savings account and splurge in bits.
Current SIP (₹37K/month):
₹25K → Bandhan Nifty 50 Index Fund ₹5K → Canara Robeco Small Cap Fund ₹7K → Tata Money Market Fund (sometimes I use this as a mini savings account like saving for buying a new phone)
Investment Horizon and Goals:
Short-term (2–4 years): Save for masters (may need partial loan) Long-term: Wealth creation
Risk Profile: Moderate. I think I can handle ~25–30% drawdown, but haven’t experienced a real crash yet
Emergency & Insurance:
Emergency fund: ₹1L (in FD currently) Health insurance: ₹20L (HDFC Ergo Optima Secure)
Does this allocation make sense for my goals?
- Should I add a mid-cap fund, or Nifty Next 50 Index Fund?
- Do I need a multi-asset fund?
- Do I need exposure to gold/silver (via funds/ETFs), or is it unnecessary at this stage?