I am 25, my in hand is about 1.10lakh. I have about 11 lakhs sitting in my savings account. Where and how should I invest my money.
It's good that you are starting your investment journey so early on. Implies you can be bit aggressive with your investing. Equities are the easiest way for wealth creation, but you also need to allocate some portion of your funds to alternate investment methods like gold which isn't impacted when there is crash in the equity market. Also important, is to maintain an emergency corpus which will take care of you for 4-5 months of there is a situation of you not earning anything. So my advice for you is this: take out 1lac from your savings and deposit it right away in two FDs of 50k each (can be more number of FDs if you want). YES bank is currently giving the highest ROI on FDs at 7.85%. Remaining amount you allocate in 70:30 ratio among equity investing and gold investment. For gold, you can research on whether buying physical gold is more beneficial or digital gold. For the 70% equity investing part, you can either do through Mutual Funds or direct stock buying, but the later would need some amount of knowledge on fundamental analysis of stock. Start with mutual funds, and as you become more familiar with the market and its returns, you can dive into stock picking. In mutual funds, give the biggest allocation of 60% to a small cap fund as you are young and can be aggressive for the returns, remaining 40% you allocate to an Index fund which is also an ELSS. This will give you passive investing benefit as well as tax benefits. IIFL has a fund which is both an index fund as well as ELSS, goes by the name of 360 One. Read them up. Or if you want to diversify a bit, give 50% allocation to small cap, 30% allocation to a large cap/ blue chip fund and 20% to an Index fund. Also for tax saving purpose, you can annually contribute 50k to a NPS scheme from your bank account and take benefit under Section 80CCD(1B). Remaining 1.5l benefit u can take under 80c where you can show PF and the ELSS fund contribution.
Bro/Sis you need to work on your presentation skills. The matter which you have written looks interesting, but I don't want to read such a big paragraph.
Buy a house wherever you are living. Get roommates, collect rent.
Having that house will make your marriage prospects much better.
Spend 25K or so as fees for a Fee Only Financial Planner. He will guide you. Renew each year at 15K. You will realise the benefits in 5 yrs time frame. List of fee only financial planners at https://freefincal.com/list-of-fee-only-financial-planners-in-india/
You can invest in GOLD 🪙. in future anyway it gonna help you.
💰💰 ----->🪙🪙🪙
Later in the future it has more value.
🪙🪙🪙 ------> 💰💰💰💰💰💰💰💰💰💰
Get a plan from themfguy. He hardly charges 2K
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