Starting my investment journey with ₹100–₹200/month. Need advice on Index Funds & Groww!
I want to start investing, i get pocket money every month so i want to start investing with small amount of 100-200rs. every month (ik its very small but I can't invest more rn bcs im in college and I'm not earning).
I made my account on Groww and I did some research and found out, SIP in index funds like Nifty would be good.
I don't have much knowledge about stock market rn, so-
1. should I start doing this or not?
2. In which mutual fund should I invest? (with less risk or high returns)
3. Is Groww ok to start with this or should I use another app?
4. I'll increase the amount with time so can I increase the SIP amount in the same fund in which I'll be investing?