img

Need help investing

So I am a non finance person and quite illiterate, learnt how to do netbanking 2yrs ago. Monthly income - 1.5 to Rs 1.7lakh After all expenses (living frugally) can save 25 to 30k per month (I have to take care of two houses and some debts, so this saving can't be increased) Don't need to make real estate investment - have one self owned flat and one commercial property I have a 5yr old son, need to save for his future as I have many health complications. Recently got 20lakhs from my mother as a gift, 10lakh in FD and 10 lakh cash. Can anyone suggest an education or similar fund where I can park this money for my son? Also, any SIP where I can invest the money I have remaining every month? So far, I have purchased some gold since I don't know any better and made a 5lakh FD for my son in the bank Thank you Thank you all. Sorry for the long post

img

corporateRedemption

Startup

3 days ago

Hope you have health and term insurance given your health complications. If not, that should be your first priority. Then make sure you have an emergency fund of 6-12 months of your expenses. After these things are sorted, think of investing. This is how I would approach it.
img

Bumblejumble

Stealth

2 days ago

Yes I have both insurance policies. And I also have a 4month buffer fund. I can make it 6
img

FancyChino64

Stealth

3 days ago

I would suggest you take professional advice from fee only financial planners. They take fees to review your portfolio, and plan based on your needs. They don't get commission from any investments they suggest, so there's no conflict of interest . check out this website to check such advisors. https://www.feeonlyindia.com/
Sign in to a Grapevine account for the full experience.

Discover More

Curated from across

img

Indian Startups on

by CuriousKat

Cisco

Investment plan for 1Cr

How do you plan or diversify your investments if you have 1 crore rupees? Please suggest 🙏

img

Personal Finance on

by ProProcrastinator

Stealth

Need Investment advice in India for 20k per month

Looking for suggestions or recommendations for investing an amount of 20k per month. Note: This is not my total income. This is what I have to spare and live a comfortable life. Confused about going with mutual funds or SIPs or NPS or PPF or FDs to r RDs etc.

img

Delhi NCR on

by Baburao

PayPal

Investment ideas

Hi all , I have some 10 lacs of savings which I don't want to keep idle in the bank for obvious reasons, I need suggestions on where I can invest for the next couple of years with Medium risk involved. TIA.

img

Personal Finance on

by RuddyEncirclement

Deloitte

Investment help

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?

img

Personal Finance on

by mangoman

Stealth

Let's talk money habits.

Hello folks. While I'd like to remain anonymous very much, here's what I can share about myself. 1. Working in consumer finance. 2. Love personal finance and helping people out with it. 3. Have published 10,000+ pieces of financial content in the mainstream media. 4. Wrote a best-selling book on money management. It was No. 1 on Amazon once upon a time. 5. Lately been appearing on TV regularly for personal finance discussions. 6. Saved like crazy through my 20s and 30s, brought two apartments; have an 8-figure net worth mostly thanks to my mutual fund investments. It's not much but it's hard-earned. 7. My unrealised aspiration is travel and I'm working on it now. No, I'm not selling anything. No commissions, no referral links, no finfluencing. Just want to talk, exchange ideas, and learn from you all. Maybe I'll feature you in my next book. :) Ask me anything.

img

Personal Finance on

by GrimBeard75

Stealth

Investment options for retiring patents

My parents are retiring in a couple of years, have govt pension but also have a sizable corpus in their PF account. Need advice on investment options, have no loans or debt right now. Focus on growing money with relatively low risk tolerance. Have considered FD, Debt fund. What about the senior citizen saving scheme, is it good? What other options can I explore apart from gold and real estate?

img

Personal Finance on

by 1899

Stealth

How much wealth have you created yourself?

1. Real estate (invested value) 2. Liquid cash 3. Other Investments (invested value) The wealth should not be inherited. I'm 30. No house, 10L in cash and 5L in mutual funds. No inherited weath.

img

Personal Finance on

by Baba_White_Sheep

Stealth

What are some of the best Investments someone can do with Approx Rs 5L

I am going to withdraw my PF as it has been lying idle since 2019. Looking to invest it for Kids aged 5 and 2

img

Personal Finance on

by HereWeGoAgain

Slice

What should I do with my money

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