How do I start my financial journey?
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I am new to investing; I opened my salary account in December only. I want to start a SIP, but I don't know from where to start. My financial knowledge is very minimal. Could you provide me some beginner-friendly investments?
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If you're new to investing and don't know much about money things, a SIP is a really easy way to get going. In India, you can begin with just ₹500 a month. It's like putting a little bit of money aside regularly, making it super simple to save.
For a safe start, try Large-cap mutual funds. These funds put your money into big, reliable companies, making them less bumpy than investing in smaller ones.
Some good choices are the SBI Bluechip Fund, Nippon India Large Cap Fund (Direct Plan), and Parag Parikh Flexi Cap Fund (Direct Plan). While the Quant Small Cap Fund (Direct Plan) can grow faster, it's also riskier. These funds aim for consistent, steady growth.