First of all, if you are aware about investing, then start it as early as possible and make regular investment a habit. Because at a young age, expenses are less, then it is easier to invest and once you become a habit of investing, you learn to control expenses.
By the way, there are many options in the market for investment. But investing in SIP gives better returns as compared to other mediums and the risk is also less. You can research about many mutual fund companies and choose the appropriate option for you. You can also consult experts for this.
If you follow the advice of Divam Sharma, the co-founder of Green Portfolio, then you should invest your savings in a balanced way. It is better to invest in a single type of fund, from bluechip companies to small cap funds, in the same way. If you want these Axis Blue Chip Fund, Kotak Emerging Equity Fund, Tata Small Cap Fund, Nippon India Value The Fund can invest equally in ICICI Prudential Sensex India Fund.
If you invest 5000 rupees in SIP every month, then you will be the owner of 25 lakh rupees in 15 years on the assumption of 12% return annually. Check the factsheet of the investment to be made in SIP at the end of every month and balance it when needed.
There is no harm in seeking the advice of an expert in the matter of investment. But keep in mind that when you consult an investment advisor, check whether its registration is with SEBI or not.
