The first thumb rule which everyone should remember is that you must strive to save at least 30% of your gross income every month. Please note that take home salary is not important here.
If your gross salary is Rs 2,00,000, you should save 30% of your monthly package which means you must save ₹60,000 every month.
Now to calculate how much amount you should invest in mutual fund SIPs out of this ₹60,000, we will have to use the standard formula, which is 100 minus your age to be invested in equity through mutual fund sips. If your age now is 30 years, so 70% of your monthly saving of ₹60000, which is equal to ₹42000 must be invested by you in mutual fund SIPs. To round it off, you may begin with monthly mutual fund SIPs of Rs. 40,000. You should divide the amount in five sips of ₹8000 each. First two SIPs should be in two different large cap funds, third can be in some good mid cap fund, the fourth SIP of ₹8000 can be invested in a flexi cap fund and the last & fifth SIP of ₹ 8000 can be any theme of your choice like a small cap fund or special situation fund or an international equity fund or FMCG fund etc.
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