Hi everyone,

I’m 23, currently earning around ₹30k/month, and I want to properly start my mutual fund investing journey. I need some advice regarding my current allocation plans(haven't invested anything yet) and whether I should make any changes.

Required Information

Risk Appetite – Moderate (as per risk analyzer)

Investment Goal –

• Medium-term goals like buying gadgets/stuff I like
• Long-term wealth creation

Investment Horizon –

• One goal horizon is around 5-7 years
• Another is 15+ years

Allocation Details –

Current lump sum available: ₹10k

Monthly SIP capacity: ₹6k

Planned SIP allocation:

• ₹2k – Parag Parikh Flexi Cap Fund (33%)
• ₹2k – Motilal Oswal Nifty Midcap 150 Index Fund (33%)
• ₹1k – Bandhan Small Cap Fund (16%)
• ₹1k – Gold & Silver through ETFs (16%)

For the ₹10k lump sum, I’m thinking of allocating:

• 60% into Parag Parikh Flexi Cap Fund
• 40% into Motilal Oswal Nifty Midcap 150 Index Fund

I also invest ₹5k every month into PPF(from last 1 year).

Why I Selected These Funds –
Mostly I went through older posts on this subreddit and shortlisted these funds. I tried to diversify across categories:

• PPFAS Flexi Cap for relative stability and diversification
• Midcap + Smallcap for higher growth potential
• Gold & Silver ETFs as an inflation hedge and diversification

Which App Do You Use? –
Zerodha Coin

So overall, does this allocation look good for someone starting out, or should I make some changes?

Also, should I add a Nifty 50 index fund as well, or would that make the portfolio unnecessarily overlapping/complicated?

Would appreciate any suggestions. Thanks a lot!