personal finance in india

Goal - 40k monthly SIP for my son's education fund. Long term investment for atleast 20 years. Son's age - 10 years My age - 40 years MF's selected 1. Hdfc large and mid cap (G) 2. Canara robeco bluechip equity fund (G) 3. PP flexi fund 4. Kotak Gold fund 5. ABSIL Money Manager fund.

I am 30 year old, 2 year married. We both work and earn around 2 lakh a month after tax. We bought a house last year and it's been 13 months since, the house was worth 44 lakh, and we took a loan for 28.8 lakh, the loan was for 20 years, with monthly emi around 24 k with 7.5% interest rate. In...

Being parents of your newborn baby is amazing, you are so happy so happy, I am sure you can’t reveal. Have you ever planned financially for your baby? In this article, you are going to learn the financial approach you should take once your baby is born! I have seen a lot of my friends on...

Disclaimer: New to reddit. I'm a 27 (M) married. Wife - 27(F). Looking out for suggestion whether its safe to buy a land with my income and expenses. Wife also earns (~60K), she has her own loans and need to take care of her family. So, not including her expenses here. Income: CTC -...

As the title suggests, I'm a 16 year old, and I have just recently given my 10th boards , who has to earn to afford my own education. My dad, earns around 9k from salary +4.5 to 5k misc + 4k from rent p/m works for half a month approx. He doesn't want to support my education cuz he doesn't...

I started by working at a tech services company for 2 years, was getting paid 7.2LPA. hated coding. Decided to quit. Switched lanes into something creative: aka advertising. Had to take a major paycut to join a small ad agency. Started at a stipend of 20k per month. Did good work...

So, during COVID, like many others I lost many things and we got hit financially pretty bad. My job was also not that well so we lost all of our savings. Somehow managed to survive through everything. After a long time, managed to land a new job in 2023 and started saving money little by...

Background: I'm an MBA graduate of 2020, from one of the prestigious Indian b-schools. Got a PPO which got revoked due to COVID. Joined an e-commerce company by taking a 30% paycut. I'll be completing 4 years in this firm soon. Have received good rating in each cycle and got promoted in 2022...

I am planning to buy a 2BHK flat for investment purposes in Bengaluru. Here is my high level maths:Planned For 10 years Cost of Property ₹1,10,00,000 Downpayment ₹25,00,000 Registration ₹8,80,000 (approx 8%) Interiors ₹8,00,000 Property Tax ₹88,000 (₹8000 per year +10% every 5 years)...

Hi! In my other post on how I use PPF for my retirement, I mentioned how its interest is calculated: In this case, it would be optimal to invest the maximum Rs 1.5L before April 5th of the financial year to get the maximum interest. But we don’t all have that much money lying around to invest...

We are a 1 daughter, one grandparent household. We live in a Tier 2 city. After noting down ALL our expenses for the past 4 months, this is what we got: Monthly Expenses(some quarterly and annual expenses are divided to get this)- FOOD: 31,000 (includes groceries+takeout+dining out) Petrol...

Myself 39 M with wife 33F and daughter 4F. Our combined monthly earnings are : 3L in hand from salary, 16k rent from appartment, 30K epf monthly. Investments so far are: 50 L (10 year old appartment)in tier1 city, 50 L (5 year old apartment) in tier 1 city, 27 L in mutual...

Hi all, asking for genuine suggestions - pls do not post anything of sympathy Am 39 this yr, Widowed n Have a 18 yr old daughter & she is in 1st yr degree. I do not own a home or any land & my job is my only source of income - 50K around per month is the take home. Have been working since 20+...

As you might aware that Some years back Platinum had more value than gold and now it is less so can it be possible that it will be higher than gold again ? I am thinking of buying some.

So, Eros was paying settlement to investors recently and there is still a possibility to file a late claim. This settlement resolved old scandal because of the financial disclosures (and undisclosures). And this is a description of the eligible class: "All persons and entities who or which...

Setting up the experiment:let's take an arbitrary amount of 20 L per annum for easy calculation but also neither too high or too low. 20 LPA is around 1.7 LPM (let's take 50k for household, 20K savings) that leaves a nice 1LPM. To simplify further and to get maximum value out of the answers...

Time horizon: 5- 10 years MF SIPS : DSP Nifty INDEX direct: 27k pm Nippon S&P 500 : 5K pm Nippon Small Cap:10k pm Gold: 60k SGB (lumpsum) Direct stock : 40 k (lumpsum) Mirae Debt fund : 2lac (lumpsum) Have term and health insurance

Hi! A couple of years ago I came across this instrument - loan against securities. Lets say you have Mutual fund giving 12% p.a. returns. You can get a loan against this mutual fund at ~10-10.5% p.a. All gains your mutual funds make during the loan tenure will be yours and you'll just have to...

I noticed an interesting payment option in the Uber app called "5% back for Amazon Prime: 4% Uber Credit + 1% Amazon Pay Cashback." What exactly do the 4% Uber Credit and 1% Amazon Pay Cashback refer to? say actual trip fare is 100 Rs and Amazon Pay balance is 200 Rs Is the 4% credit applied...

I’m 23(M), graduated in Jun 2022 with an average package of (7.5lpa) Current take home - 60k in hand, no taxes(old regime) Mf - 1 lakh currently(40k elss) sip for 15k pm Fds - 35k P2P lending platforms - 1.25 lacs(not putting more than that)(12% returns) Money lent to roommate - 80k(he has...