Buy direct plans.
Go for growth plans instead of dividend plans.
Invest regularly (every month when you get your salary). Do a SIP if you are not disciplined. Otherwise, buy what you like each month.
Don't invest in index funds. Any other decent fund would perform better than an index fund.
If age is on your side, go for aggressive ones.
Check their churn ratio and expense ratios. Read about them to understand better and compare funds in terms of their performance vs these ratios.
Dont worry about having too many funds or folios. People advise not to have too many funds, but it's your choice. The only disadvantage is that you need to review more entries in your report. Use a good portfolio tracker and you will see the info upfront.
Review your funds every 3-4 months and switch if needed (i.e., for better performing funds as per your analysis). Remember that your profits up to 1.25L per year is untaxed. You can switch within this profit range to avoid taxes.
All the best.
Buy direct plans.
Go for growth plans instead of dividend plans.
Invest regularly (every month when you get your salary). Do a SIP if you are not disciplined. Otherwise, buy what you like each month.
Don't invest in index funds. Any other decent fund would perform better than an index fund.
If age is on your side, go for aggressive ones.
Check their churn ratio and expense ratios. Read about them to understand better and compare funds in terms of their performance vs these ratios.
Dont worry about having too many funds or folios. People advise not to have too many funds, but it's your choice. The only disadvantage is that you need to review more entries in your report. Use a good portfolio tracker and you will see the info upfront.
Review your funds every 3-4 months and switch if needed (i.e., for better performing funds as per your analysis). Remember that your profits up to 1.25L per year is untaxed. You can switch within this profit range to avoid taxes.
All the best.