Welcome to the forum. You are in the right forum at a very young age, that is good.
There is no safety in equity, even with MFs. MFs too lose money, the NAV can fall by 20%, and if we don’t want to sell, then we have to wait for longer periods. Better to have a number in mind and time period in mind, because it is volatile, there is no compounding here, the returns are not linear, they are volatile, it goes up and down, what good it is if we want to withdraw and the NAV is the same as 2 years ago, because it has fallen and not yet moved up. Direct equity is an ocean, so it will take time.
Go through freefincal.com for MF related things, it helps.
Invest in debt, if you are concerned about return and safety. And if you think of emergency, split the investments into different products, along with a debt fund, you can go for RDs, keep some in the bank account, keep hard cash too, because in emergency, liquidity is important, we will need cash. With debt funds, there could be limits for instant redemption, and redemption requests may take 2-3 days.
In the initial years, keep it simple, don’t think about returns and focus on learning. And as time passes, with the gained knowledge, and with the capital from your profession, you can do a lot of things, so focus on your profession too.
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