Get the app
Personal Finance
Personal Finance
on
GroovyPenguin
GroovyPenguin
TCS

Best investment options for a Conservative spending style

What would be the best investment options for a Conservative spending style ? Assuming I'm 30 and have a package of 20 LPA. I prefer bulk investments where I don't have to look into the market conditions regularly to update my investments.

Any advice will be greatly appreciated ☺️

11mo ago
ZippyKoala
ZippyKoala
IBM10mo

MF. And don't invest blindly. Choose a goal and start SIP accordingly. For eg. You're 30, your child will need around 2Cr for higher studies/abroad by the age of 50. So you need 2 cr after 20 years. That's a goal. You need 4-5 Cr for comfortable retirement at 60.
All these can be easily fulfilled by SIP. Also suggest you to buy gold (SGB) on dips.

GroovyPenguin
GroovyPenguin
TCS10mo

Yes I've looked into SGBs, they look good to me. On the MF front, what is an average rate of interest that I can consider for all goal based calculations ? Also, while a value like 2cr is taken out, won't there be a large TDS on it ?

Can you please provide some insights into this ?

ZippyKoala
ZippyKoala
IBM10mo

Let's consider a 20 year goal. For the first 15 years go for small and midcap equity with a mixture of gold in it. Then swiftly move towards the bluechip for 15-17. After that it should be completely liquid. 18-22% for 1st 15 years then 12% for 2 years and then 6-8% for 3 years.

GroovyMarshmallow
GroovyMarshmallow
Stealth11mo

Do MF SIP

SillyJellybean
SillyJellybean
Stealth11mo

This^, no need to touch portfolio for 3-5 years. Just select some good options though.

GroovyPenguin
GroovyPenguin
TCS11mo

Any suggestions on amount and the MF ? Considering low risk appetite

WigglyKoala
WigglyKoala
Cisco11mo

It entirely depends on how you can commit to SIP comfortably. You should try to create a well-balanced MF portfolio across market caps and sectors.

WigglyKoala
WigglyKoala
Cisco11mo

*how much

Discover more
Curated from across
Personal Finance
Personal Finance21mo
by QuirkyMuffinProduct Manager

How do you invest your money?

mid 20s, ctc 30LPA(cash, non esops), monthly expense 60k(including needs + wants), how should I invest (~1.5L pm) considering following:

  1. high risk appetite: do not want to invest in FDs
  2. asset lite: do not want to invest in real est...
Top comment
user

Move to Bangalore, give half of that to @BangaloreLandlord, put the rest in index, US and hybrid funds. Do stock tr...

Personal Finance
Personal Finance10mo
by WobblyNuggetSoftware Developer

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.

Top comments
user

Seeing the comment section,I realise I am broke.

user

This di*k measuring contest is really popular nowadays.

user

I'm 31 1 apartment for 2Cr on loan … loan will be over in 5 years 1.5cr in MF 10-15L cash I started 4 SIPs...