
I'm earning 10k per month as an intern but I'm not aware how to invest and spend this month. It would be great if you can help me with this!
How much are you able to save? And how are you even able to save from this much small amount! But anyway, I would suggest to start sip in any good flexi cap fund, one very famous one is PPFAS flexi cap fund. Of course a bit of disclaimer that online advices should be taken with caution. But you can always start and review performance at every 6 months interval. But remember, these stock market investments are meant for long term, not for a few yrs. So don’t invest any money in mutual funds or stocks, if you may need that money in next 5 yrs.
Alternatively, you can put 20% of your saving in one of these mutual funds, and remaining 80% you can keep in FD/RD. I am suggesting to keep in fd because I am assuming you will need those amount to spend on some fat expenditure, in near future.
And about the “How to”, I would suggest to use direct AMC website. For ex, if you want to invest in PPFAS fund, go to ppfas website and see how you can open an investment account.
Use it to upskill and increase earning potential. It will give you a better ROI.
use mf central app. don't use these apps like groww, and all