Need Review and Suggestions
Hi, I'm 26 yo, working in IT. Investing from the past 2 years.
My XIRR is pretty low. Planning to rework on my current portfolio
Please review my portfolio and guide me to improve my returns.
Current monthly Sip: 15k (Planning to increase it to 30k from next month)
Risk Appetite: Moderate
Goal: Wealth creation
Horizon: 7-9 years
Allocation:
SBI Gold Direct Plan Growth : 1,100rs pm
Parag Parikh Flexi Cap Fund Direct Growth: 3,500 rs pm
3: Nippon India Large Cap Fund Direct Growth: 3,300 rs pm
4: ICICI Prudential Nifty 50 Index Direct Plan: 4,000 rs pm
5: Nippon India Silver ETF FoF Direct Growth: 1,100 rs pm
6: Quant Infrastructure Fund Direct Growth - 27000 rs (lumpsum)
App Used: Groww
Why these funds: Initially I did some studies and read few articles to pick these funds. Used AI to analyse funds from from same category.
What am I doing wrong here ? Share tips to allocate 30k efficiently to get an annual return of above 10%