Need suggestion on SIP/ Mutual Funds

Hi,

the best way your nephew i feel can be involved in his investing process, learn alongside and make sound choices is refer to ET Wealth which comes every Monday. They have the top Equity funds listed - he can start small by using Paytm money or directly via individual MF sites/Cams and invest in 2-3 funds. Cams shares a monthly summary of investments which will give him a good idea of how his investments are doing. 

Starting with safe, proven, large fund houses is the safest way forward.

Does he come under any tax bracket as of today? Is he employed? If not, Rd returns are as good as MF returns (even better). 

SIP is just a, way of doing investment. You can sip in MF, FD, gold kitty etc.

What's his return expectation? Years he'd like to keep investing? Risk tolerance and risk appetite (no, they are not the same)? 

He must have done some research on his own? What's his understanding of the topic? Queries /doubts? 

Else, just start with 3 funds (2 index and one active), under direct mode through AMCs and not under regular option. 

My suggestion is to invest via coin(zerodha)/groww in these funds:

• Navi Nifty 50 direct fund: 500rs
• Quant/axis/HDFC small cap direct fund: 1500
• Quant/parag parikh Flexi cap fund: 1000

Check out these fund houses for MF

1. Parag Parikh

2. Canera Robecco

3. Navi.

4. IDFC 

These are doing very good recently.

Diversify overall between, MF, and Debt Instruments. Further diversify MF investment in flexi/multi, large, mid and small cap funds.