26M | Looking for feedback on my financial plan (India)

26M | Looking for feedback on my financial plan (India)

Age: 26

Income

• ₹1.37L/month in-hand (after EPF deduction)
• ₹6,000/month rental income

Expenses

• Home EMI: ₹17,675
• Personal expenses: ~₹10K/month (can vary)
• Family insurance premium: ₹1L/year

Insurance Details

• Health insurance: HDFC Optima Secure
  • Self: ₹10L cover
  • Sister: ₹10L cover
  • Parents: ₹15L cover
• Term insurance: ₹2Cr (HDFC Click 2 Protect)

Home Loan

• Outstanding: ₹16.9L
• Interest rate: 7.5%
• Tenure remaining: 147 months
• Strategy: Prepay ₹1L every year to reduce interest early

Savings & Investments

Emergency Fund

• ₹4L (earning ~7%)

Marriage Fund

• ₹2L currently

Equity Portfolio (Stocks + Mutual Funds)

• ₹6.6L total

EPF

• Balance: ₹4L
• Contribution: ~₹15K/month

Monthly SIPs (₹35K total)

• Nippon Small Cap Fund – ₹7K
• Motilal Oswal Midcap Fund – ₹7K
• Nippon Large Cap Fund – ₹6K
• Parag Parikh Flexi Cap Fund – ₹6K
• Motilal Oswal Nasdaq 100 ETF – ₹5K
• GoldBees – ₹2K
• SilverBees – ₹2K

Notes

• Additional monthly savings go toward my marriage and my sister’s marriage.
• Current investments are meant for long-term wealth creation / FIRE goals.
• I come from a middle-class background with no inheritance wealth, so trying to build everything from scratch.

Net Worth (approx)

• Equity portfolio: ₹6.6L
• EPF: ₹4L
• Emergency fund: ₹4L
• Marriage fund: ₹2L

Total assets: ~₹16.6L

Looking for feedback on:

1. Asset allocation
2. SIP portfolio diversification
3. Any improvements to reach financial independence earlier
4. Areas where I may be doing something wrong or could improve

First-generation investor trying to build wealth responsibly. Open to constructive criticism.