Can SIPs help in diversifying portfolio?
You have total SIP investments, including future allocations, of ₹16,000. Of this, you have a 25%, or ₹4,000, allocation to gold.
I am currently drawing a net monthly salary of ₹69,000. Out of this, I am paying an equated monthly instalment of ₹10,000 for a car loan. Besides, I am investing ₹8,000 in 4 Systematic Investment Plans (SIPs), with ₹2,000 each in Axis Bluechip, Parag Parikh Flexi Cap, ICICI Hybrid Fund, and Canara Robeco Emerging Equities. I am also allocating ₹4,000 for a gold scheme. I am now planning to add another ₹2,000 SIP in Mirae Asset Large Cap and want to invest an additional ₹2,000 in SIPs. Is this fine? Also, is the National Pension System (NPS) beneficial for me?