Investment advice for 1.5L/ month surpluse
Hey folks
From last 3 years i am working l. My expenses are very less, so every month i am ended up with 1.5L of surplus
Also there are 15L laid in my salaried account
My formula is simple, just UPI rest kept in same account
But now i am thinking to invest this money.
Not where where i should invest
From last one year MFs are not performing what you guys advised???
My goals :
- a home for my parents in next 2 year (70L approx)
- wealth creation for longer run
My exploration:
- 70:30 allocations for equity: debt
- 3x3 grid system for equity
- move 15L surplus into debt fund and then pick a weekly STP over few funds
My question and fear :
- is it make sense to put my all savings on market destiny only ?
- should i look for gold and real assets. I like concept of real assets but minimum amount it needs it more than a crore, which is impossible for now
- what if MF turns out as a bubble like 2008 housing bubble??
Please help me seeking for advice from all experienced folks
Thanks
You can consult a financial advisor. They will plan it out for you based on your debt, and family dependencies.
If you want to doing it yourself: I suggest:
nifty50 index fund and a momentum index fund with 75:25 allocation
Debt funds/bonds/fds/liquid
Equity: debt to be 50:50
You may even allocate some amount in snp500 or nasdaq index instead of momentum index fund. This is preferred because of rupees depreciation.
When buying a property try going for an house instead of flat if itis possible, don't overspend on interiors. Try paying a good amount of dow payment.
Try focusing on your job, if your inflows are stable at such high savings, you will do good even with less/moderate/below avg returns on your investments.
