Please review my SIP portfolio
Hey everyone, I’m a relatively new investor and recently started SIP investing. My current portfolio roughly looks like this:
₹500 - Motilal Oswal Nifty Smallcap 250 Index Fund
₹500 - Motilal Oswal Nifty Midcap 150 Index Fund
₹1,000 - UTI Nifty 50 Index Fund
I’m 23 years old and currently salaried. Right now I can invest around ₹2k/month and will most likely increase it gradually in the future.
Since I haven’t made the payment yet, I wanted opinions from experienced investors here.
Are these funds good enough for long-term wealth generation, or should I cancel/change anything before starting?
Risk Appetite: Moderate
Goal: Long term wealth generation
Horizon: Long Term
Allocation: Monthly SIPs, planning to gradually increase once salary grows
App used - INDmoney
Why these funds - I selected UTI Nifty 50 for stable large-cap exposure, while the Motilal Oswal Midcap and Smallcap index funds were chosen for higher long-term growth potential. I mainly selected these funds after researching their past performance, consistency in recent years, and because they seemed suitable for a beginner long-term portfolio.