📖 About This Step
A no-jargon guide for first-time investors in India. From opening a Demat account to setting up your first SIP, picking funds, and avoiding the four mistakes new investors make in their first year.
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Tasks (6)
6 tasks total
1
Open a Demat account on Zerodha or Groww
Compare brokerage fees, AMC charges, and app UX. Zerodha is cheapest for active trading; Groww has the friendliest mobile app for beginners. Submit Aadhaar + PAN online.
2
Build a 3-6 month emergency fund first
Park 3-6 months of expenses in a liquid mutual fund or high-yield savings. Do NOT invest in equity until this exists — it prevents panic selling later.
3
Understand index funds vs active funds
Read 3 articles from Value Research or Freefincal. Pick one Nifty 50 index fund (UTI, Nippon, or HDFC) — they all track the same index at 0.2% expense.
4
Set up your first SIP — Rs 5000/month
Start with 70% in a Nifty 50 index fund, 30% in a Nifty Next 50 or midcap index fund. Auto-debit from salary date.
5
Track but do not interfere for 12 months
Check portfolio quarterly, not weekly. Do not stop SIP during market crashes — that's when you accumulate the most units.
6
Increase SIP by 10% every year
Set a calendar reminder for your salary appraisal month. Bump SIP by 10% — compounding gets serious when you do this for 10+ years.
📅 Daily Plan View
1 day
Task 1
Open a Demat account on Zerodha or Groww
2-3 months
Task 2
Build a 3-6 month emergency fund first
2 days
Task 3
Understand index funds vs active funds
30 minutes
Task 4
Set up your first SIP — Rs 5000/month
12 months
Task 5
Track but do not interfere for 12 months
Recurring
Task 6
Increase SIP by 10% every year
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