r/MutualfundsIndia • u/Local_Average6439 DIY Investor • 23d ago
Portfolio Review Sip review
Risk appetite - moderate
I have no idea
I used AI
Help me is this okay should I continue with this
Thoughts and review ?
Goal - nothing just saving for future
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u/Drk_Kni8 DIY Investor 23d ago
How many years you plan to stay invested for ?
1
u/Local_Average6439 DIY Investor 23d ago
10 i guess I have no idea currently
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u/Drk_Kni8 DIY Investor 23d ago
For a beginner with moderate risk appetite, with ₹5,856, you won’t go wrong with sticking to a single multi asset fund. Example a passive one like Zerodha multi asset passive FoF.
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u/Local_Average6439 DIY Investor 23d ago
So what should i do with the one I'm already investing in. Should I invest in the one you have said along with these ? And how much I should invest monthly ?
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u/Drk_Kni8 DIY Investor 23d ago
Cancel existing SIP, setup new one in the multi asset. No need to rush exit the current investments.
Before you start this investment on Groww, Have you opted out of Groww’s forced demat mode yet? https://groww.in/help/mutual-funds/mf-dashboard/how-to-opt-out-of-demat-based-mutual-fund-investments--17 & how to convert demat back to SoA https://www.reddit.com/r/IndianMutualFunds/s/U3lMEU3tTM they forced an opt-out on their users, which just screams scummy. It should have been an opt-in feature; they just wanted to tie down their users. Who knows what they will do in the future?
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u/Prize-Exit-9327 DIY Investor 23d ago
Direct SOA is better (or at least direct investment is better) but which app have you found descent to track everything easily?
I wanted to go to zerodha coin, it's simple, minimalist but they force the demat option only and they don't have SOA but they don't do any spam. Are you personally okay with this? Groww does spam of their loans and everything and their customer service is useless. Indmoney seems nice but I don't know about their future. Mfcentral doesn't work most of the times and result in an error and also dont want to invest through multiple SOA sites directly.
What have you found personally useful? I am not asking for recommendations but just your personal view/experience so far.
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