Hi, so I am a fresher, been 8 months into this job and this is my first job. I am unmarried and no loans as such. I did my BTech from the top state govt college of my state and then completed my MTech from an IIT. After finishing my M.Tech, I joined this job and hence I am a fresher. My role is core engineering(VLSI) , and I do plan to stay in this field. I have one living parent and they are self sufficient with a corpus and medical insurance. So basically I have to plan for myself and my future family.
Since I am living in a Chennai, I have been applying the 50/30/20 rule but i try to keep my needs to a minimum and hence that 30% also gets saved , and the 20% i have been saving by using RD(5k) and SIP. Currently doing SIP of 9K and it is as follows
UTI Nifty 50 index fund -4k
Paraf Parikh Flexi Cap - 2.5k
SBi small cap- 2.5k
Rest of my saving are as follows
Saving-1.3L
FD-7.4L
Liquid fund- 1.3L
Basically, i need guidance as to how should i plan further, keeping in mind that i want to be FI by 50 with a corpus of 5-10 Cr and build a profile where I want 50% to be exposed to market volatility whereas the other half should be like the base. Also keeping in mind that i want to have a family in future, have family trips and also since my hometown is far away from where i live so flights are my only option of travel from my place of work. I do not plan to own properties in tier 1 cities, as family does own home in my hometown and see myself settling there later in life. I do not have a term and health insurance as of now except for the company medical insurance. I am open to both sound financial advice and criticism. I have an open mind and want to see things which i am not being able to see. I do want to save but also occasionally treat myself.