Stepping into the world of investments with a monthly earning of 20K is like preparing for a cricket tournament. You start with basic fitness training before moving on to specialized skills. Here are some ways to prepare your investment game:
- Start with your savings: Make sure you have an emergency fund in place, like your protective gear on the cricket field.
- Flexicap Funds: These funds are like all-rounders in cricket, offering the flexibility to invest across large, mid, and small-cap stocks based on the fund manager’s perception of market conditions. Examples include Parag Parikh Flexicap Fund or UTI Flexicap Fund.
- Large Cap Funds: They are like the reliable openers, usually stable companies that can weather market fluctuations better. Consider SIPs in funds like Axis Bluechip Fund or Canara Robeco Bluechip Equity Fund.
- Debt funds: They serve as your steady singles, providing stability to your portfolio.
- Small Cap Funds: Consider them only when your corpus is significant, akin to attempting bold shots once you’re well-set on the crease. They offer high growth potential but come with increased volatility.
To make the most of your investments, you need to stick around for the whole match, meaning long-term commitment is crucial. Given the complexities of the financial market, you might benefit from a coach. For this, consider Jama Wealth, our expert investment advisory services can help guide your investment journey.
