My advise will be FIVE pointed:
- Go only for Direct Plans. In your long investment journey losing 1% to 1.5% each year definitely will result in half your entire portfolio going to brokers/banks/apps. Use a Direct MF platform that aggregates the AMCs and picks the funds for you.
- Go with SIPs as they are a disciplined way of investing and ensure that you are invested through the ups and downs of the markets.
- Go for a high equity allocation. To know more register at jama.co.in and take a risk profile quiz to check how much you can go into equities. Ensure you have some cash flow for expense and rest can be invested one equities
- For fund selection, go with funds with long track record of returns AND a solid process, not the flashy ones with heavy advertising. Such funds should not fall too much when markets are down. In the long run, sequence of returns matters a lot!
- Dont panic when markets correct. Since you have time on your side, invest when all the folks around you panic 🙂
Happy Investing!
