GroovyCoconut
GroovyCoconut

Need opinion on investing

I'm trying to choose the right mutual fund and it's honestly overwhelming. πŸ˜΅β€πŸ’« Too many options, too many terms. Any recommendations or tips on how to pick the best one? Would love to hear what’s worked for you! πŸ™

27d ago
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JazzyKoala
JazzyKoala

If you are investing less than 50L.

Then blindly buy NiFTY 500 70%

GOLD - ETF/Fund/Bond/Physical 10%

FIXED Income- (include EPF and PPF here) 20%

Once you cross total liquid assets of 50L

Hire a Fee Only Financial Planner

Also get a Term Insurance worth 25 times your current income with step up option

Keep 6 months expenses in Savings Account or Short Term FD (for rainy day, layoffs, . medical emergency and what not).

SquishyWalrus
SquishyWalrus

Jua, Stake, Aviator, Option Chain, all or nothing πŸ˜† P.S. reach out to a financial advisor

BouncyNoodle
BouncyNoodle

Just pick index funds and invest in nifty.

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