I am also the same age as you. I would also recommend buying nifty 50 etf (niftybees) during market dips. My wife invest in nifty 50 index fund Sip and I invested in niftybees during dips. My returns are 2-3% more than her returns.
ETFs are similar to mutual funds as the shares are bought here and and bunch together as units.
The difference is that in ETFs, managers buy stocks before you pay for them. Then, they are bunched together as units and traded on stock market. You buy etfs from other buyers instead...
30-40 % xirr is near impossible to achieve. As other suggest. I would also suggest you to go for fixed deposits. You can get interest paid on (fd) quarterly.
Invest this interest in mutual funds then. This will protect your principal amount and let you experiment and learn...
Best mutual fund is a fund which do better in any circumstances. So, my advice would be to invest in parag Pareikh flexicap. As, it is the most consistent performer. Also, here you will get a small exposure to foreign equity.
gauravshah8300 replied to Abhinav Sharma's comment