overthinker
overthinker
Student

First Salary Investing and Tax Saving| Really need your help

I’m starting my first job this month, CTC-14L I’m not sure but assuming I’ll get 80-90K in hand Considering the job is in mumbai, the rent and other expenses would be high considering it to be 40-50K (pls tell how much it should be at max) Also how much taxes will I be paying and how to save it max I really need your help, how do I start investing? Can I put all in Small cap MF, what would you advice? What should be the split between Stocks and MF, and in MF how much in which categories? Also it would be great if you can recommend the best 2-3 MF in your portfolio in each categories, and 5-10 stocks for Stock SIP for long term Thank you so much 😭

5mo ago
Apocalypse
Apocalypse
Stealth5mo

As a thumb rule, your portfolio could be 70% equity and 30% debt. Since you’re just starting take it slow and avoid fomo. First build an emergency fund ~ 6mo expenses (~2.5L) in an FD. This is crucial due to job market volatility. Then, for equity, start SIP for ETFs (Nifty 50). Rest, you can choose MFs according to your risk profile (ensure good diversification). Don’t directly invest in stocks unless you have good understanding of equity market (~ Tanmay x LearnApp, Zero1, Anshuman Singh, Labour Law, Akshat Shrivastava are all good resources).

overthinker
overthinker
Student5mo

Thank you so much

Soumil_Gupta73663
Soumil_Gupta73663
Student4mo

If you are looking for the consultancy for investments than I work in a company where our founder who has 20+ years experience in banking sector provides consultancy as per your needs.....for more help we can have a chat....do let me know please if you are interested in it..
Thank you

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