personal finance in india

Recently sold a couple of my RSUs. Of around 16 L Where should I invest these? 1. Parag Parikh and Nifty 50 (8L each) 2. Equity? If yes, any stocks suggestions? 3. Shall I also put some in FDs ? Current investments: 1. 23 L RSUs (unsold) 2. 9.6 L in MF(PP and UT 50) 3. 9.5L in equity 4...

Feel free to add yours, here are a few from my end: U don't know how you would react to catastrophe so plan your portfolio and fail safe accordingly. Most of today's influencers were not there the day Bear Stearns died (some were probably not born, and most don't know what I am talking about)...

Hi everyone! Sorry this is a noob question.. i know.. 😅 but I got my salary slip and it has everything, Basic+PF contribution etc etc.. what I don't understand is ADA. What is ADA? Is it Dearness allowance? And why isn't it written as DA just?

just watch this documentary from BBC about how Chinese loan app scam are happening in india, i see lot of post here about the mobile app loan they are stuck in and how they are harassed, i hope others don't fall into this trap .

Eyeuu

I grew up lower middle class. Wealthy in terms of “love from mom”, “friends: we’re all poor to middle class: this meant very little inferiority” and an education( this is the biggest thing). An aunt helped fund my schooling and even paid my engineering fees( if you are already wealthy, support...

I am looking to buy a property , seller asking 50L. He told me that registry would be around 25L and rest would be F&F ( furniture and fixtures ). So basically 25L would be home loan rest would be F&F. I would need to pay this F&F seller in black. He says this is norm. I am just confused about...

Hello All, I've recently seen a post in LinkedIn about how Sart health insurance claim is rejected. It got me worried about my insurance with HDFC ergo. I made sure I have NO copay and NO room limit. But can you guys please check if I'm in for any surprises at the time of claim persons...

Say if I have 1L invested on CRED Mint for a year and have accumulated return of 9k. How would the tax look like for instance where I withdraw nothing this FY? I've downloaded the interest certificate and there are multiple sections such as: 1. Opening interest as on 01 Apr 2023 (A). 2...

Hi, So I have a few businesses and have income of over 1 crore before taxes this year. I still look for a bus to the airport, saving maybe 300-500rs one way. How do I teach myself to spend? I can spend on a cab, but I have always felt uncomfortable taking a cab when alone. I can improve my...

Hi Everyone Planning to buy a 1.6 Cr flat . Seller agreed for a agreement value of 1.2 cr only. Is there any good bank which provide 90% home loan on agreement value. If not is there any way to finance this purchase without paying exorbitant interest rate. Anymore suggestions are welcomed :)

Hey guys, I am planning to buy one good health insurance and term insurance for myself and dependents. Please suggest some good policies. I earn around 1 L + per month , so in the lower to mid range premium. I have one from corporate but have been suggested that we should have ours also other...

Our annual bonus was just announced. I was happy to see that it was 14 L. My take home is 3 LPM. I was expecting a paycheck of 0.7 x (14+3) = 11.9 L What I instead got was only 10L When I checked, I was told that since my total annual payout was greater than 50L, they applied a surcharge on...

Hi, I was just hoping for a monthly budget discussion for a family living in Mumbai region. How much we all spend and how we can improve upon it. I will start with mine. I am living in Navi Mumbai and have a family of 5. Three daughters below 10 years of age and husband wife working. Here is...

I've been considering installing a solar panel system on my property in an effort to reduce my electricity costs; which is roughly 3k per month right now with 341 units. Below is the slab from MAHADISCOM |----------------------------------------------| | Units | Rate (Rs per unit)...

My father is spending all of his little savings on buying a car. The car is a Kia Sonet which costs around 10 lakh. He's paying a down payment of 7 lakh and taking a loan of 4 lakh at a 9.3% reducing interest rate for 5 years. So that’s about 10,000 rupees for 5 years. Our family's financial...

A lawyer was saying not to buy real estate in a location which is not close to you. Due to the issues of land grabbing in india. Thoughts?

So I did a blunder recently, all because of my negligence. I have two credit cards, ones due date is 4th and the others 16th . I confused them with being 6th and 14th, as a result I made payment of one card two days later and one payment 2 days earlier . Now I applied for a small loan from a...

36 m (recently married ) My take home is around 2 L p.m and wife's around 1 L ( No liability or loan ) but yes I keep helping both the families whenever needed and will keep doing so. We stay in a flat with rent of around 50k p.m Combined savings of 60L till date ( including liquid cash +...

Hey folks, Seeking advice on how to structure my finances better for the times to come. A little background: I (22M) come from a lower middle class family, dad used to work in a PSU, never traveled to fancy places, never wore fancy clothes, but he and mom together gave me and my sister the...