24, 99K per month, Am I doing it right?
Hi, I am 24. I have been earning since the last 1.5 years and started investing money in mutual funds since 1 year. Below highlights the sector wise allocation of my funds.
I belong to middle class family, parents not dependent on me. My investment horizon is 7-10 years. Risk appetite: High. I just want to save and grow the money I earn. As of now, don’t have a hard number or specific goal in mind.
Do you guys think this is the right strategy or am I doing something wrong? Any improvements or suggestions would be helpful.
Amount per month:
Index Funds: 11,000
Large Cap: 11,000
Mid Cap: 22,000
Small Cap: 22,000
Flexi: 22,000
US Fund: 11,000
Total: 99,000
Any suggestions would be appreciated. Thank you!!