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@planter To this, I would like to add. It is great a start that you are now at least looking at it. Now, once you know how much you will need monthly, come up with a figure that you can set aside. Here, what I do is as soon as I get my paycheck, on the very sameday, the 1st. thing I do is...

@planter Ours is a similar family like yours. We have one child and one senior parent. And we live in Tier-1 metro city. Swiggy, zomato, and outside eating are too high in your case. We do go out but street food like shops (example: ek plate pani puri + some chat = only 100 or max 150 for 2...

@margaretjankowski Read this book: Commonsense Investing with Index Funds By John Bogle. He is the person who introduced Index Funds. ETF (exchange traded fund) is investing in index funds just like shares in stock market.

@margaretjankowski I have not used groww, but since SETFNIF50 is an exchange traded fund, it should be available.

@ladyw Just wanted to add one more thing. There will be ups and downs in the unit price, which will affect your total investments, respectively. Do not panic in downs. Continue the regime. Edit: Also, Rs. 6000 will not last you through the year. At the current price, by this method, you will...

@ladyw Kudos to you for this great start. Just for learning sake, open up an equity account with Zerodha. Once the account is openned. Transfer this 6000 into it. Then Daily, just once a day, log in and buy just 1 unit of "SETFNIF50" (Read up about Index funds Book: Commonsense Investing...

@polarbearwear Until age 50, you still have 18 years. 10k pm. in PPF for the next 18 years will be approx 40L at 7.1% Until age 55, you still have 23 years. That same PPF investment, if retained for 23 years, will be approx. 65L. Remember, this is only 50% of your investment. The other 50%...

@polarbearwear That is a very steep goal. But don't get disheartened by this. It is a good start that you are at least thinking about saving. 10k per month for 10 years at 10% before tax will roughly get you 20L. I don't know why you are putting a hard upper bound of 8 years. Time is kind to...