coderx
coderx
Student

I have 25 lakhs in my account

I have been working professionally working from the last 3 years as a software engineer and I have 25 in my savings account, I have never invested my money before but it feels like a serious mistake on my end. I am looking for advice how should i split this money and invest in various streams i am ready to Invest 95% of it

14mo ago
Elon_Mast
Elon_Mast

What's your current ctc?

coderx
coderx
Student14mo

30, 25 base

coderx
coderx
Student14mo

Oh yeah and i am doing wfh for 3 years

iron_man
iron_man

Invest 50 percent in Mutual funds and rest 50 percent in FD

Bharatiya
Bharatiya
Oracle14mo

If he invests 50-50. Then how will he use UPI?😂

FunkySaint
FunkySaint

FD??? 😅

JealousMix70
JealousMix70

In same situation

  • I put 20 lakhs into debt mf and started an stp to a index fund every week of 10000.
  • Started SIPs in large cap, mid cap and small cap funds
  • did a monthly sip to goldbees via small case
dreamrunner
dreamrunner

How much do you make every month bro?

FunkySaint
FunkySaint

Bang on.

Btw, why Goldbees via Smallcase and not directly? @JealousMix70

Sreekanth
Sreekanth

Buy individual life, accident and health insurance. If you are rich, life/accident insurance is not required but health insurance is still recommended. Keep some funds for any emergency purposes. Invest Remaining in mutual funds based on your time line and goals.

coderx
coderx
Student14mo

I have both term and health thanks

Rangeela_tau
Rangeela_tau

I recently enrolled in 1% club try it out it will help you with personal finances

cArnage
cArnage

There is enough free knowledge available on youtube. You need not make these finfluencers rich.

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