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Banking & Finance
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PerkyBagel
PerkyBagel
EY

Need Investment Advice

Currently, I have a corpus of INR 300,000 that I want to invest, and I'm seeking advice on the best investment options for this amount. Here’s a brief overview of my current financial assets: 1. Mutual Funds (MF): INR 500,000 2. Public Provident Fund (PPF): INR 200,000 3. National Pension System (NPS): INR 200,000

Additionally, I have ongoing home and car loans with a total monthly EMI of INR 48,000.

I am a 27-year-old male earning a net monthly salary of INR 160,000. I also plan to start investing an additional INR 48,000 monthly and would appreciate guidance on how to allocate these funds effectively.

14mo ago
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ZippyMochi
ZippyMochi
Stealth14mo

Pay your loans off earlier if possible. That would be a better use of your money than anything else.

PerkyBagel
PerkyBagel
EY14mo

I was planning to save a fixed amount monthly and pre-pay than amount in loan at year end.

WobblyCupcake
WobblyCupcake
Stealth14mo

Your mf investment are less comparatively, you should put all in MF I think, 2 lacs in large cap or index, 1 lac in midcap

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