Angoorkhattehai

Need Investment Advice

Hi folks, I have recently started investing after repeatedly being told to not hoard my money in savings, wanted to know how/how much other people invest. Current portfolio: Equity: 2.5 L ( banking, fmcg, ETFs) Mutual Funds: 1.1 L ( Navi Index fund - 10 k per month sip, SBI Liquid Fund - 10k per month)

I feel that I should invest more since i dont have any financial dependents on me right now, but dont know how much and dont want to put my hard earned money somewhere I won’t see it ever.

Tc: 30 LPA Exp: 2 years

14mo ago

Sreekanth

Unnamed14mo

How does it matter to you how much others are investing? I invest in multiple instruments. Anyways, since you asked 65 lakh in stocks, 33 lakh in MF, 11 lakh in NPS, 10 Lakh in PF, 5 Lakh in SSY, 4 Lakh in PPF, 20 lakh in savings banks acc, 15 lakh in chit funds. Going to pull 10 lakh from bank acc towards stocks on Oct 1. Thinking to stop investing in MF further and invest in stocks directly but 17% XIRR track record making me incline towards MF though. NPS is through my employer every month and I invest 50k every year additional for tax saving. I channel all my side incomes towards mutual funds so it is random. SSY regularly 1.5 lakh every year. I like to invest in PPF for 1.5 lakh every year but have not decided this year whether to invest or not. I decided not to buy any more real estate; I have 4 properties among which one is a home I live. I feel managing equity is straight forward and no nonsense.

All the best for your investments. Hire a good CFP or an MFD for MF but don't look up at internet for advice. Most of these anonymous people don't know the ABC of finance.

overthinker

Student13mo

OMG! What do you do for a living? Company, Profile, CTC?

Sreekanth

Unnamed13mo

IT. Personal finance is my passion so I am also an insurance advisor, certified mutual fund distributor and income tax consultant. My current CTC is 32 lakh PA. Working in a service based company. It's not the CTC but it was how we invest that helps grow wealth.

majboormajdoor

Stealth14mo

@infoLogger @FuzzyRuin38 @JadeArgent

Read Monika Halan's books. She explains it as a textbook. Frankly, unless you splurge a lot, you ain't gonna go wrong by keeping your money anywhere for first 2-3 years of your career. Just stay away from bad investments.

Her books

Let's talk money.
Let's talk mutual funds.

Angoorkhattehai

Zomato14mo

Awesome will look into these

BasicNeck50

Stealth14mo

1.5 L in ppf for 15+5 year

SIP: what ever amount you can - 50% index/large cap, 30% mid cap, 20% small cap.

50K NPS

Personal health insurance+ term insurance( if you have a dependent)

Step back, don't do anything for 15-20 years,
Do only 2 things: increase the SIP amount whenever you can and once in a while look at the midcap/small cap fund.