How to start your investment today

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If you’re looking to begin something different, something new this Ganesh Chaturthi, starting your investment journey might be a good option. Money9 Helpline hosted Certified Financial Planner, Kalpesh Ashar to resolve queries on how to begin building a dependable corpus for yourself.

Edited excerpts

Karumanassery Narayanan Subramaniam: I want to invest in my son’s names in Quant multicap fund direct growth through SIP Rs 2,000 per month for 25 years, is it the right fund to invest in?

Ashar: In multicap category, you must know that the percentage is decided according to the SEBI’s categorisation. You have to allocate 25% in largecap 25% in midcap and 25% in smallcap in your portfolio. the rest of the 25% will be according to your fund manager’s discretion, either in large, mid, or small. If any category’s weightage is increased probability of risk decreases r increases accordingly.

Chandan Singh: I am investing in NASDAQ 100 through SIP and want to start SIP in Mirae S&P 500 Top 50. Is this the right strategy?

Ashar: If you are investing in NASDAQ, I believe you are investing in the US’s technology-based stocks, whereas S&P 500 is a broader universe of YS capital markets.