Hi folks! I'm planning to get married in over a year from now. I don't want to touch my portfolio for this and hence starting a wedding fund where I'd pause my investment for a year and route the money into this fund. Suggest an instrument class where I should park this money. It'd be roughly 70k/ month.
Also would love to know how did you finance your wedding? Any tips?
Depends on in how many years you plan to marry. If >= 4 years, put most of your money in an index fund or else invest in ultra short term funds. Former will give you ~12% annual returns while the latter around 8-9%.
Invest 10% of your savings in gold, which can act as a hedge if gold prices shoot up and there is some jewellery shopping to be done close to the wedding time.
Liquid funds or a simple RD should work fine. I'm assuming your main aim here is preserving capital and not high growth.
Most banks are offering ~7.1% interest on RDs > 1yr.
You can park in my account without interest or return guarantee 😉
Put in crypto. Then you will be able to finance a lot of weddings bt next year
Hi All,
I'm 29 M, recently switched to a new job. I am currently earning ₹1.2 lakh per month. I plan to get married within the next year, and I estimate the marriage expenses to be around ₹10-12 lakh. I would like advice on how to save ...
TLDR; I want help in financial planning for my marriage. I have 3 questions which are written at the end of this post.
Hi everyone,
I sat with my parents to prepare most basic itinerary for 4 functions of marriage, which also incl...
Bhai dowry lele and court marriage karle. Shaadi pe 50L (combined) kharcha karne se to better hi hai.
Received a lump-sum amount of 10L by selling an asset. What investment options do I have? Just for reference, I’m 30 now.
Note - might have my wedding in the next couple of years, so I’m thinking 5L I’ll do FD (let me know if there are...
