Hello,
I am 25 years old and planning to start a monthly SIP of ₹7000. I have chosen the following allocation and would appreciate your suggestions on whether this is a good strategy or if any changes are needed:
Parag Parikh Flexi Cap Fund: 2,500 INR (35.71%)
Mirae Asset Mid Cap Fund: 1,750 INR (25%)
Quant Small Cap Fund: 1,000 INR (14.29%)
UTI Nifty Index Fund: 1,000 INR (14.29%)
SBI Contra Fund: 750 INR (10.71%)
Looking forward to your valuable feedback and suggestions!
Thank you!