1 year FDs give around 7%+ nowadays  
 While PF is 8.25% 
 I would say FD is good option for your usecase

Data Analyst

What about the direct 30% taxation of FD? 
 Park it in an index fund if you don’t need the money in short term, this is the safest bet.

Software Engineer

Software Developer

Chartered Accountant

I can't set aside 12% as EPF, but rather plan to go the standard deduction route.   But I still have some money left, lets say. Where can I park it monthly basis which wiuld give me safe returns li...

Welcome to Personal Finance's Private Community

I can't set aside 12% as EPF, but rather plan to go the standard deduction route. 

But I still have some money left, lets say. Where can I park it monthly basis which wiuld give me safe returns like EPF?

EPF - Guide me please?

EPF - Guide me please?- Grapevine

I'm thinking to increase my EPF contribution to the max which is 12% of basic and also thinking to start NPS investment. 

since I am just starting out in personal investment domain. I do not possess much knowledge and have been seeing people here helping others.

My question is should I increase the EPF contribution and start NPS or should I invest in public funds after thorough study? 

The first one are from the govt so seems safe to me. Again I'm not fully aware about investment.

Thank you in advance for everyone who'll pitch in their opinion!

EPF, NPS are good for long term?

Every month my salary gets credited I barely spend 20% of it the rest of it is just sitting around in my bank account it's already above 5L. I keep thinking of investing it in stocks/mf but it's a lot of work 😔 

What do you guys do with your salary, it would be great if you can share your investment strategy and how do you keep yourself motivated to stick to it

What should I do with my money

What % of growth does PF provide to the fund? I'm thinking of moving it to a mutual fund. Good idea?

Do you withdraw from PF?

Product Manager

Folks, this is for my parents. Let’s suppose we have huge amount in FD, and want to divert some portion of that to any place other than FD, from Tax saving perspective, what is the Best avenue? Please note that it is hard earned retirement money, risk appetite will be a moderate. What all are best lump-sum investment ways? Index Funds? Actively managed Mutual Funds? Anything else?

Best place to park 25 lakhs for Pensioned Employee?

[Part 2] Don’t lose hope, keep fighting…

Founder

Age - 33
YOE - ~ 10 years in Marketing

Zero exposure to US stocks. 
Zero exposure to Crypto.
Have a house (~45 lacs) for parents in a Tier 2 city which I haven’t added here. 
No liabilities (finished an education loan and a home loan)

Recently started investing in NPS and will continue to do (~1.5 lpa) and accumulating SGB (~2.5 lacs, the screenshot doesn’t capture gold correctly) from the past 6 months.

Question - is there merit in talking money out of EPF and reinvesting in Mutual Funds? What is the general view. 

Open to any other suggestions. TIA!

Seeking Advice - Portfolio Check

Hello community,
I have 5 YOE 
Current CTC: 25 Lpa
Working with MNC in bangalore, unmarried 
Apart from this i have 7Lkhs of Auto loan left which was of 4 years, I don’t wish to prepay that. 

Do you have any suggestions if I want to quit job market in coming 10 years and do something of my own or attempt something remote coz I don’t see myself in bangalore in coming years.

How am I doing till now?

Looking for suggestions on where to invest and what are the best options in that category

For example, Canara Robeco Bluechip Fund for equity investments

Looking for suggestions on Mutual Funds, Bonds, PPF, EPF, FD, or any other types of investments paying off right now

Investment diversification

It’s so painful to see the amount of money I end up paying on the name of tax. Presently doing  - 1.5L of LIC and pf + 50k NPS + HRA. What else can be done? My CTC is 55LPA.

Ideas to lower income tax

Hi everyone,

The year end is here. It was a great year for my FIRE journey and I thought I'll share an update with you all.

With few days left in 2023, I've crossed 2.65 CR in net worth after touching 2 CR in May this year.

Here's the breakup:

Direct shares: 1.7 CR (this was the major driver of growth),
ELSS: 0.06 CR,
Company shares: 0.06 CR,
Real Estate: 0.4 CR (while it is between 42-45 now, keeping this unchanged from May),
EPF: 0.34 CR (interest for last year kicked in),
NPS: 0.06 CR (investing because I'm in 30% bracket, getting 14.8% xirr here),
SGB: 0.03 CR

The driver for growth has been a high saving rate.

In 2023, i've added 29.5 lakhs in equity, about 2.5 lakhs every month. 6 lakhs in company shares (US listed). The EPF and NPS savings are on top of this. My target was to save 36 lakhs in equity overall, and it's done! Targeting the same for next year. I'm aiming to cross 2 CR in equity before July 24.

Another change I did this year is that I've moved away from active advisory. I get the stock ideas from Twitter discussions, analyse them fundamentally and take bets based on the charts. I'm quite confident of my charting skills with max drawdown of 25-30% but upside of multiple x. I could capture 2-3 2x this year with sizable investment in them. I got this confidence after i could take my wife's account from 11 lakhs to 20 lakhs in about 2 years.

While the next year can be a huge bull run if BJP wins, I'm still trying to diversify. I'm planning to add a real estate of about 75 lakhs by paying 10%. This will help me leverage as well. The rental yield is the property is approx 5% and calculations show that I'll have to only pay 40-45% of the EMI and rest will be covered through rent. This should bring my equity exposure down from the current 65% to less than 50%. In this I'm trying to diversify and leverage while not denting my current equity corpus.

Suggestions welcome to make this FIRE journey better!

Thanks!

Crossed 2 CR and 2.5 CR in the same year

Project Manager

Hello all, so I'm a student still, I'll would be joining a company soon and I want to learn about what all tax systems we have and how do I manage them, I want to do them myself in future, where do I learn and what all should I be aware of to save as much as I can?

To start with, I come under 30% bracket, basic salary is about 50% of my base, HRA being 20%, PF 6% and Flexible 24%. I don't have any loans on my name and I'll have to live on rent. I'm also curious on which sections could I be saving and how.

New to Tax

This is the current state of my portfolio, I've been doing an SIP of 60k per month for the last 3 yrs.
I want to increase my SIP to 1 lakh. I have a few questions. I won't be having any big expenses for the next 4 years.

1. It's mostly a large cap right now (80%), how do I distribute this extra money and rebalance the current money, do I need to book this profit and put lumsum after somewhere as well?
2. How do I get educated on this more, any sources will be appreciated.

Need advice for next steps

Am I the only one who feels EPF alone takes major portion of the Rs 1.5 lakhs exemption limit under Section 80C? 😵‍💫

80C Exemption

Senior Consultant

It's been close to a year since I am earning a salary and this is what I do:
1. Invest a little less than 30% straight into MFs. I have three ongoing SIPs- small cap, flexicap and a Large + Midcap fund. (Planning to increase the amount further into these and not start a new sip)

2. Max out 80C by putting the entire limit in PPF, this is on top of what is by default deposited into EPF.

3. A little (inconsistently) into direct stocks as and when I find or get to know about a decent trade opportunity.

4. An LIC ULIP plan that my father made me subscribe to 🙂 (hopefully will end in a couple more years)

Tips from experienced folks will be much appreciated.😄

How do you invest your salary?

Backend Engineer

Thank me later

I've completed 1 year in my first job. I've tried saving and investing some money, help me decide what I can do better:

Income: 22LPA

PPF: 3 Lakh
EPF: 2 Lakh
MF: 5 Lakh
Saving Account: 4.5 Lakh

Income for new FY post increment: 29LPA

I did these savings based on some advice from my elder brother.

I'd like to spend more this year though, with some travel and going out more, maybe even purchase a scooty/bike and a PS5 😁 - would these expenses be justified?

Apart from improving my savings & investments and 
still being able to afford a few luxuries, I want to know if I should get any of these:

- Health Insurance - Only 5 Lakh cover from company for me and my parents (note - parents are getting old)
- Life Insurance - Do we really need it, I'm still 24?

1 year in first job, please help me assess and improve

I wanted to share my Net Worth as per INDmoney, and understand how I compare with the others here. 

The goal is to reset my goal after looking at people doing better than me, and provide some guidance to people that might be aiming to reach their own goal. 

Total YOE- 6
CTC- 34LPA (since last month)
SIP- 70k (MF) + 30k (stocks)
Investing since- Jan 2020
First SIP value- 15k

Let me know where you all are at, and if you can share some insights to help improve mine

Net Worth- A healthy comparison

I have around 3 lakh sitting i. My saving account. 
MFs are very high right now, don’t feel like investing as I feel it would come down. Where can I park this money?

EPF - Guide me please?

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