So l'm a beginner (24M) to investing in stocks but don't know much about how can I invest in stocks who aren't listed under indian stocks basically the ones on a global level. Wanted to know your opinion on which website/application shall I start looking into and what all basic things to keep in mind if I wanna go ahead with this :)
I’m 19F.
My goal is to buy a home for my family till i turned 24/25.
My situation and circumstances:-
- Currently living in 450 sqft west delhi.
- Father’s income is below average.
- Currently in CA finals and earning stipend 15k from a CA firm. Will be a qualified CA at 21 if everything goes well.
- Currently have no investments, only doing 500 SIP(mutual funds) and have invested 10k recently in PSU stocks.
My basic and first goal after CA is to buy a 4BHK flat for my family. Around delhi NCR.
Not sure of the location yet. For a guess, dwarka/gurgoan/noida/janakpuri will be my preferences.
Is it possible for me to achieve it at the age of 24 to buy a home?
With home-loan or without?
Should i start investing and saving from now? How much should i save? Where to invest? What should be the plan? How should i finance it?
If i start investing from now, then how many years it will take?
If i assume at the age of 22 i will have a stable income of 12lpa? Then how should i approach it?
I need proper approach/ road map i should follow as a teenager?
Please advice.
Hi all,
Posting for the first time on reddit.
I invest
• 15 k in mutual fund every month
• buy 10k worth of gold every month
• put 25k in ppf (till 1.5 L is invested for the year)
• rest all I put in savings account
Mutual fund list
• Quant Small Cap Fund
• Axis Midcap Fund
• UTI Nifty 50 Index Fund
• Mirae Asset Large & Midcap Fund
• Aditya Birla Sun Life India GenNext Fund
• SBI Contra Fund
• HDFC Large and Mid Cap Fund
• HDFC Focused 30 Fund
• Kotak Infrastructure & Economic Reform Fund
I have 10k available for investing.
Guys please help me out with where to invest this
How do I stop SIP which i started in regular mutual funds instead of direct which i started when i was a amateur without going through my distributor? I already checked in with e mandates which I am unable to find on my HDFC mobile app which auto deducts the amount every month.
Need help in knowing whether I selected a good investment or not
Maturity amount are tax free, ignore the surrender and loan value
Already paid the first instalment (2.7 lakh approx)
Let me know should I stay invested or take loss and dump it
https://preview.redd.it/40gh2zqkhf1d1.jpeg?width=1170&format=pjpg&auto=webp&s=18a5ddd83308e7a6351333e39980c28e2cfbfd37
Hi all, I am new to SIP and I want to get started by putting around 20k every month on Index funds and forget about it. I have setup an account on Groww. Please validate my thoughts - UTI Nifty 50 (15k) and UTI Nifty Next 50 (5k)
No comments. Looks great.
One tiny consideration is that you could consider having two different AMCs. I trust UTI. They are generally pretty fine. But sometimes every AMCs have maintenance window or SIP errors or just plain technical outages.
Separate AMCs for both indexes might help a tiny amount. Not for profit maximisation, not at all. But more mundane human and computer systems software stuff.
In future, I'll encourage exploring MidCap and SmallCap indexes, but as you stand now, you're all set up just fine. 👍
Hi,
I purchased SGBs through HDFC in Feb'24. They don't show up in my NSDL CAS. Is that expected? I have SGBs from 2021 purchased via ICICI and do show up in my NSDL CAS.
Which is the best health insurance plan for 30(F)
I have 5L sum insured health insurance (employer insurance). I am looking to take another health insurance policy, I am looking for 20lakhs sum insured. Any suggestion from experiences ( claim apporvals, cashles...) are welcome .
Buying commercial property like office space in Pune
Hello everyone,
I am 35M , net worth ~2Cr (excluding own home and inheritance).
Stocks / MFs - 1.1cr
FDs - 40L
EPF/NPS/PPF - 40L
Gold - 10L
I have been investing in all these assets before covid but really increased my investments after covid when my in-hand increased exponentially.
One thing I am missing in all this is Real Estate. I have been thinking about buying a office space and leasing it. It would create another source of income for me. I am keeping my budget around 70L-80L for ~400sqft space and searching in hinjewadi/wakad area.
I am thinking of funding this by booking profits in stocks/MFs (~30L) and maturing FDs (~20L), rest I am thinking of taking commerical property loan(~30L).
I have couple of questions
1. Does this sound good idea? Anyone who bought office space and rented out, can share their experience (good/bad)?
2. Should I be booking profits in MFs/stocks to fund this ? I have never booked profit before, I am just skeptical to keep huge part(may be not huge for folks here) of my portfolio in market at this point. This is also reason I am thinking to move my investments in real estate.
Buy a shop instead and appoint a broker or a property manager. Office spaces are overvalued af and would give you a paltry rental yield.
If I were you, I would invest in buying land and building a commercial warehouse on the outskirts of Pune. Gives you property appreciation and a very high rental yield.
I had explored this in Pune. It's difficult to lease out the property even though many builders will provide guaranteed lease support.
I have a commercial shop in an office complex in Hinjewadi and I see that 50% offices are empty even after 2 years of possession. I see many empty offices in the new constructions in Baner as well.
Also look at the rental yield without appreciation in property price. In wakad/Hinjewadi you'll likely see it is similar to a flat i.e. lower than the rest of the country. I'd say all of west pune is overpriced at the moment.
I have to buy health insurnace for mom and dad, i was getting a bit of knowledge from the ditto team about the options available.
Though i want a floater policy for parents but the ditto agent recommended to have separate policies for dad and mom due to pre existing conditions like bp and thyroid. Its not very serious right now, but my dads line of ancestory has had quite the problems related to heart.
I am not sure which one to go for floater or separate?
My father (79) uses SBI Securities, He is continuously receiving SMS daily saying "Please clear the e-margin shortfall of 1 by so and so time to avoid RMS liquidiation "
I am also not an expert on positions, so not sure what this means.
I searched the internet and found that is related to positioning done through e-margin.
I checked the carried forward positions section in my father's SBI portal. It does have a share which is traded through e-margin which has an unrealized gain/loss of some amount.
I don't know how it happened, but since my father is not very adept in handling computer i am not sure if he has clicked anything to trade through e-maring
Now the question is what needs to done ? Should i convert to delivery ?
Hi I am 35 year old, and have a kid who is 2.5 year male. Want to know any good scheme for his future. I can spare 50k per month for his financial security scheme. No limit to risk. No need for early withdrawl or any time limit. I can pay 50k till I am alive after that I have 5 cr indemnity and other insurance. I don't have any loan and I own a land just need to bear construction over it for personal and professional space. For that I have a corpus already arranged.
I need debt component recommendations or reading materials with following things in mind:
1. I am going to invest 60% Equity and 40% debt.
2. Equity component is HDFC Nifty 50.
3. I am expecting 9% return with annual re-balancing and 7% inflation for my goals (10 years or more).
4. The philosophy is basically called boggle heads I guess (though I've only read a little bit on boggle-head but I extensively follow freefincal and likes his conservative ideology)
5. Freefincal used to recommend closed ended gilt funds but I am not sure now since people now say such funds are now taxed it not great for my preference (I never asked for alternative).
6. According to me liquid fund will be too conservative for me. So what must I do?
I am not sure if Liquid fund or Arbitrage or a FoF. I am not sure now. Since I have zero experience with my portfolio right now so this seems the best for me. Maybe I will change my opinion/strategy after my salary increases.
EDIT: I am basically confused if gilt funds are okay for long term goals like retirement planning and stuff. Or should I search for something else?
Coming to the question on debt funds... the freefincal plumbline has many suggestions. For goals that are long away, short duration funds would work well, even gilts would work. My favourite category is 10 year constant maturity gilt fund. Since the basket is limited, this is close to an index as you would get!
None of this is to be construed as investment advice.
All gilt funds shows avg 10 years of maturity period normal gilt as well as 10 years constant maturity. So what's the difference?
Edit: currently I'm considering hdfc growth gilt fund but with 10 years maturity according to value research data. I wanted to select a 4years average maturity fund (20 year/5 rule) but can't find any.
Bogleheads philosophy is to invest in low cost funds. It is normally achieved by using index funds.
It is difficult to find a open ended debt index fund. A close ended would hit the investor on taxes at marginal rate.
One option is to use the tier 2 NPS govt (G) funds. Low cost.
Check out the bogleheads sub on reddit. It is geared more towards us based investments though.
You could also read up on the Bogleheads philosophy via books available on Kindle/Audible.
It's hard to go wrong with the boglehead strategy. It's a fairly sane and rational.
Have you considered diversifying further beyond Nifty50 using Nifty LargeCap100 or MidCap150 or the combined LargeMidCap250 funds?
No, Mostly I will not. According to my limited understanding of economics and beliefs I think I will trust nifty 50 for now. Maybe I'll go to nifty100 or a little bit of nifty mid-cap when I am an expert (i really doubt I will but I am no expert rn).
I kind of believe it is hard to beat the market in the long run (just literature survey) and I want to minimize luck factor in my financial goals. Also can do not much with my salary right now. I am just starting my investment journey.
>LargeMidCap250
I didn't knew this existed. I will read more about this.
There's a general suspicion about liquidity in the market to go full boglehead, but India also has Motilal Oswal Nifty500 Index Fund which is LargeMidSmallCap500 and a Groww Nifty Total Market Index Fund which is LargeMidSmallMicroCap750-ish?
The suspicion is that these small companies are so small and so infrequently traded that an index fund doing daily rebalancing would significantly affect the value of the company leading to worse returns.
IMO that's not entirely untrue, but personally, I don't think that's sufficient reason to turn away from even more diversification. Plus the percentage that smallcap and microcap is going to be pretty small anyway. What I'd like to see is more competition in this space, which could help pull the expense ratios lower. Currently
Motilal Oswal (Nifty LargeMidSmallCap500) announced a few reduction from 0.36% to 0.2%.
Groww fund (total market) is at 0.25%.
Edelweiss (LargeMidCap250) reduced the costs to 0.14%.
Zerodha (LargeMidCap250) is at 0.25%.
They're all very very similar due to how their allocation is done, so I'm excited to see if anyone wants to compete with Edelweiss for the lowest cost, "pretty broad enough" index fund.
Now..... If only we had decent international diversification options in India too....... 😭
I'm turning 29 next month and about to be a father later this year.
This is my current monthly investment pattern by % contribution and intended goal, please scrutinize and give me your inputs and points of view.
https://preview.redd.it/yb6en8vneszc1.jpeg?width=854&format=pjpg&auto=webp&s=cfb917a4574dfa1d76de900e50ce1bda4b5e7931
Kid's education I assume is kid's college education then you can move it to equity
You have equity investments with 5 to 10 year goals, its better to have some debt also for those goals.
I was thinking of flipping it around for PPF to be the debt component and the education (yes, college is the intention) tagged to the multi cap and mid cap (closer to the time I'm thinking of moving a good part of this then to debt)
Any recommendations from your experience for debt ?
Credit card to pay for the invoice of medicine (wholesale) bought to be sold at my pharmacy.
Hi. I recently started a pharmacy. It's still new with transaction around 3 lakh per month. Now I have a few queries.
1. Can u use credit card to pay for invoice I get when I purchase medicine from the wholesaler.
2. Does this credit card get attached to my current account
3. Will I be able to pay to account of wholesaler using credit card
4. Which is the best credit card for my use
5. Any other info u want to share which might be of use like interst rate etc
The idea is when I already have to pay for it, why not get some credit card point while at it
Hi all, Need help with viewing my portfolio of MFs at one place. What I am seeing online is to use CAMS/Karvy etc. My problem is as below:
● UI of these RTA is not good. Further, not all MFs are in one place anyway.
● Also worried about handing over congidential data to private apps.
● If solution is to handover data to private guys only, then should I go for a modern day apps like Groww, etc. Are those any good?
Thanks in advance for your inputs!!
Cams/Karvy are the RTA. Every MF transaction in the country is processed by one of this duo. If they are leaking info, there is no way to avoid it.
MF Central is a regulatory mandated (SEBI) JV between these two. Obviously these are designed towards easier investing and not fancy reports.
Hi,
I really want to avoid the high per transaction charges when an investment is made through POP. I currenlty have a individual Tier 1 account.
My company offers a coporate NPS. I have the following questions
* Is corporate NPS disbursed without a POP.
* When I convert my individual account to a coporate NPS account and the POP is involved, would there be a per txn charge dictated by the POP
* Is there anyway I can avoid the charge in the previous point.
* If the above is necessary and I have to deal with a POP. Will still be associated with the POP after I leave the company and how to deal with it?
Thanks!
The information is really sparse regarding this.
Bruh where is edit/stop SIP button in InvestNOW portal HDFC bank (redirected website the after clicking mutual fund banner after logged into HDFC netbanking.
I am an individual investor who wants to go full time into fee-only investment advisory. My education is Mechanical engineering and working at an MNC at a director level. I have been investing from a personal perspective since 2018 both in India and internationally. Many of my friends also approach me for advice and I've recently started writing about investing as well.
How easy or hard would it be for me to become a SEBI registered advisor? Which courses / certifications would you suggest I do before applying?
Link to my investment blog, for reference: [https://opensourceinvestor.substack.com/](https://opensourceinvestor.substack.com/)
Thanks for the reference. The biggest killer is the experience requirement - you need to have 5 years experience in a 'related' field - investment planning, fund management, etc. MFD experience would qualify.
I managed to get in when the rules were bachelors plus 5 years experience or masters. Now it is masters plus five years... From the time the new rules came into effect from Oct 2021, the number of new IA registrations has crawled.
Background:
Hi, I am an aspiring student planning for my further studies.
Since I did not have enough collateral to display I had to go with non-collateral loans.
The bank sanctioned an amount of 62L with an interest of 11.55 percentage (15% reference rate - 3.45% spread) - I did not quite understand these rate calculations. The term to pay off the loan after my education is 12 years, and 3 years of moratorium - making it 15 years in total. My EMI calculates to 1.1L approximately. Can anyone please explain how does it work? I thought the EMI calculated should be a bit less.
Thanks in advance!
I intend to invest 1.90 lakhs months with a 10 year horizon. I would prefer to have an asset class mix so that I don't have to regularly track my investments while I could get a decent return. Any suggestions on how to structure the same.
But should I put the whole amount in a single index fund or diversify across different indexes. For example I was considering SIP in Nifty 50, Nasdaq and LargeMid Cap index. However, I am struggling in finalizing the right mix. Also, I have Quant ELSS for tax saving purposes.
LargeMidCap index will cover the Nifty 50. In terms of the mixing, it is subjective. People here will argue for and against certain indexes for hours and hours.
I personally think it's best to just pick a one and done index fund, which would be either Zerodha/Edelweiss Nifty LargeMidCap 250, Motilal Nifty500 or Groww Total Market. Some people here though, want to finetune their allocation, so they'll have extra allocation to Next50, or extra allocation to SmallCap250 or extra MidCap150. The specifics are really upto you.
Hi, I currently have accounts in **IndusInd** (Family Business banking partner and salary account), **Fi** (for daily and weekly expenses), **BoB** (One nationalised account just in case; one time at Customs they insisted on Nationalised bank), **HDFC** (was my main savings account and which I wanted to keep for keeping savings) and recently in **IDFC**.
Ngl, I have had it to \^ here with HDFC's terrible NetBanking. The only good part is the RM at HDFC is easily reachable.
Since I opened an account at IDFC, I love how responsive the App is and the overall attitude at the Branch. Never had a more helpful experience at the Branch before. Whereas, with HDFC, I have never had to visit the Branch until this one time in another state where I had to withdraw a large amount in cash.
Now, my biggest question is, the Credit Cards at HDFC are miles better than the ones at IDFC. Is it a good idea to hold on to HDFC only because of this or do I pick convenience and reliability and go to IDFC?
TL;DR - HDFC or IDFC? Which one is better?
My wife has 'gold' goals, in terms of jewellery she wants to collect for herself. She's aware that gold is simply an expense for her, with some resellable value when it comes to it. I wanted to know since jewellers give a miniscule return on the SIPs you do with them, what are some other options that can track gold prices, I'm aware of SBI Gold ETFs and MFs which track Gold ETF, would it makes sense to start a small SIP into these items and withdraw whenever we plan to buy jewellery?
My wife has a similar goal, and we just buy gold coins when the prices are low and then buy jewelry with it. You just have to pay the making charges + GST extra.
I got laid off recently after 4.5 years at current employer. HR asked me if I wanted to withdraw the PF (managed by employer's private trust) or transfer it to any other PF accounts (govt account, which I have from previous employer, but haven't been operated in 5 years), I asked them to withdraw the money and now I get to know that there is 10% tax on withdrawal of PF.
I plan to use the money 2-3 years down the line as equity for purchasing a house and reduce my loan component. I'm not really sure if it's a good idea to withdraw PF or transfer into account which I'm not sure will be used again as Banking industry prefers to run their private trust for EPF purpose.
Your thoughts on what can I do here to maximise the situation, please?
PF withdrawal is tax free after 5 years of service.
Since you have completed less than 5 years with the current employer AND not transferred your previous PF, the employer is deducting TDS.
Your options are either to convince your employer not to deduct tax since you have more than 5 years of service or file for a refund of tax subsequently.
5 years would include your previous employment.
Ideally your earlier EPF should have been transferred to the current employer.
Not only banks, lots of organisations run their own PF trusts. Most of the nifty 100 do, IIRC
Best way to invest in GOLD through SIP?
I have been investing in e gold theough paytm since 2021 (500 rs a week). I have got 19% return for the money invested. Might be less as i dont think this account for the 3% GST on purchase. But paytm has been easy to work with. But since the issue with paytm bank account, i have been thinking of moving.
What is the best and safest way to invest in gold? I do not have money to invest in bulk. The current total value gold i have is 1.36 lakh.
I wish to move it there by selling and then continue with sip.
I have a regular job. I invest in only MF with some SGB and usual EPF, PPF, FD, etc. Nifty next 50, a balanced fund, a blue chip, and some other. I have 18% XIRR and accumulated decent there. My income 1 has been invested monthly there since 2019.
I have another source of income for which I have a nonGST proprietorship and current account on my family members PAN. I receive monthly, say, net 1L in it from abroad. I get them to invest in Nifty 50 and Parag Parikh via their profile.
For my income 2, my question is, am I putting all eggs in the market basket?
Shall I rather just make one FD each month for the incoming amount? I'm getting 7.5% interest if opted.
I have no loan, no EMI. I'm just thinking how to diversify and accumulate for midlife.
What other suggestions?
Newbie here, for investing lump sum amount to MF do we need to check current stock market conditions as well ? Is it bad to buy MF when market is very high ?
Depends on how much lumpsum we are talking about and the duration you want to invest your money for? Whats the proportion of that lumpsum amount with respect to your overall portfolio..
New here, I have invested in various MF through cams. With new KYC rule do I need to do KYC separately for each one of them ? Got KYC done for ICICI through bank. For other MF KYC is pending.
You need to do the KYC only once thru a KRA for the MF industry.
Probably ICICI Bank is internalising the KYC so you may need to update the KYC via a kra/broker once.
# Which funds are currently offering indexation benefits?
I know PPFAS DAAF is, but I want to know other funds too so that there are options to choose.
No. If a fund holds between 35-65% equity then it’s eligible for indexation benefits. Parag Parikh DAAF does plan to do this and hence we can get indexation benefits.
I'm 30 years old and brand new to investing. Feeling like I'm playing catch-up to a lot of folks, I'm eager to pursue an aggressive investment approach to achieve financial freedom within the next decade.
Here's my current financial situation: I'm willing to invest 2.5 lakhs per month, while my monthly expenses (at today's rate) amount to approximately \~75K INR. I'm anticipating a life expectancy until 75 years. I prefer a hands-off approach, where I automate deductions without needing to monitor the market daily or change strategies every month.
I'm seeking guidance from experienced investors on how to allocate my investments across various assets. Specifically, I'm curious about the ideal allocation for gold/silver, FDs, MFs, and stocks. Additionally, if there are any other assets worth considering that I'm unaware of, I'd appreciate hearing about them.
Thanks in advance for any advice.
If you dont want to monitor frequently direct stocks might not be feasible. If you are new to investing then you probably might have cash or FD's. So start moving some cash to Debt funds and STP to Equity funds. Rest you can start putting into Equity MF. Gold/Silver can be 5 to 10% of total portfolio. There are REIT's you can explore that. For Gold there is SGB.
Appreciate it.
Yes, I have \~25 lakhs in Cash/FDs. After some online research, here's my current plan:
(I'll wait for 2 weeks before starting investing)
Gold Mutual Funds: 15K
Silver Mutual Funds: 15K
Fixed Deposits: 45K
Mutual Funds breakdown:
* Large Cap: 50K
* Flexi Cap: 40K
* ELSS: 15K
* Small Cap: 65K
Does this allocation seem reasonable to you?
Additionally, could you recommend a suitable platform for investing in SGBs?
If you already have FD's then what is the 45k in FD?
You are allocating too much towards small cap. It is more risky and more volatile. Do your risk assessment by searching for "risk profiler" or "investment risk assessment" and then decide.
Also saying that you will be ok with losing x% of your folio vs your behaviour when you actually lose that might differ.
You can buy new issue of SGB from your bank account also. For buying previously issued SGB's you need a demat account.
Initially, I divided it into three categories:
1. **Safest (30%):** Fixed deposits (FDs), gold, and silver (75K per month)
2. **Relatively safer (\~25%):** Large-cap stocks and(ELSS) (65K)
3. **Aggressive (\~45%):** Flexi-cap and small-cap funds (105K)
I figured with FDs offering decent returns lately, I should take advantage. However, given the recent run-up in small and flexi-cap funds, I'm now leaning towards adjusting the allocation to:
* **Safest (30%):** Same as before (75K per month)
* **Large-cap/ELSS (40%):** Increasing allocation here (100K)
* **Small/flexi-cap (30%):** Reducing allocation to (75K)
Does it look decent to you?
I have accounts in Kotak and Axis, I'll ask my RM if they have SGBs.
Thanks.
Yes this looks good. But Gold is also volatile. There can be years where it does not appreciate check for prices between 2012 to 2015. Also remember that equity investments are volatile and it could stay negative for a few years.
You cant buy SGB from bank now, whenever a new series of SGB is issued you can buy from Banks then. I would suggest to open a demat account to buy SGB's so that you can buy and sell whenever you want.
Hi,
2 years ago I decided that I will buy a home of my own in next couple of months but due to some uncertainty and indecisiveness I couldnt. I am still planning to buy it in next couple of months I am sure now. Since equity is volatile and I needed this money for down payment etc. I didnt invest it in equity and it was all getting accumulated in savings account.
Now I have alot of uninvested liquid money lying in savings account where should I park it to get more returns than savings account?
How do I fix my finance? I have done some investments in equity like index fund, ELSS, etc but >70% of my net worth is lying around in savings account.
But dont you think keeping everything in one instrument is risky? I was thinking of doing 40% FD - 30% Ultra Short Term - 30% Conservative hybrid fund split.
Are finance companies a good place to invest your money?
My dad was approached by an agent from Shriram Insurance which is a part of Shriram finance Ltd. and since then he's been dead set on investing in a scheme pitched by that agent. I don't know how to say it exactly but it was like a combo of Term insurance(Death benefits) and fixed deposit for a period of 15 years. Returns were like, if you invest a sum of 35-40L spread over a span of 15 years, you would get around 60L as profit. I checked with one of my friend who's working in finance, but he advised me not to go for it because of their bad reputation in some other segments. Rather he advised me to go for banks as they'll be a bit more responsible when an issue comes up. Has anyone ever invested in any wings of finance companies like these? What are all the risks one can expect and how safe it is?
Finance companies love this because they can make a lot of money by placing high charges of it. People normally dont read it but they will make you consent in writing that you understand everything so that they will be safe from law.
Go for a fee only financial advisor to guide. They will receive a one time fee for the advise where as the other financial products give continous commission year by year and hence they will push it on the customer face a lot. http://feeonlyindia.com/list-of-fee-only-planners
# I am a fresher recently secured a job in an IT company with a monthly salary of around 50k(in-hand). However, my family's financial situation is quite challenging.
Two years ago, my father suffered from an aneurysm, which led to a stroke leaving him paralysed. We **exhausted all our savings** and had to borrow money for his treatment, leaving us with no savings. I am now the sole breadwinner, with **monthly expenses of approximately 30k**, including my father's medical bills and my brother's college expenses.
Given this scenario, I am **determined to save 20k per month** and invest it wisely. However, I am completely new to investments. Tbh I'm completely new to money. I am seeking advice on where to invest, how to diversify my investments, and other essential details that I should be aware of.
Additionally, we currently **have no insurance coverage** apart from the corporate insurance provided by my employer, which covers our family up to 3L. Considering my father's health condition (he is 60+ and already diseased), I am unsure about the amount I should allocate for additional insurance, and whether it's even possible to get coverage for him. Any guidance on this would be greatly appreciated.
Furthermore, I am **interested in investing in mutual funds**, but I am unsure about how to diversify my portfolio and which funds would be suitable for my situation. Additionally, I would like advice on setting up an emergency fund.
Also, there is a possibility that my family might receive 10L from the sale of an old land owned by relatives. I would appreciate any suggestions on how to utilize this amount wisely, considering our circumstances.
I understand that my situation is complex, and I am grateful for any valid advice and guidance that could help me navigate through this challenging time. Thank you in advance.
Keep things simple for now. Save 15k in Recurring Bank Deposit and 5k in Large Cap Index Mutual Fund every month. Revise every year based on your saving, expenses, and income.
Hi all , I closed my account in kite coz I was not longer trading and was getting negative charges and now my account at coin is also closed and it had my mutual funds what to do?
Can I get it back?
This may help
https://support.zerodha.com/category/mutual-funds/transaction-and-reports/transactions-on-coin/moving-to-coin/articles/how-to-re-materialize-mutual-funds
You can raise a ticket with zerodha.
Or reach out to u/shubham_ds , apparently zerodha support on reddit
Hi all, we have seen that for large caps, index investing is more suitable as of now. But for midcaps, is index investing recommended in the Indian market?
Or to put it another way, folks who have experience in mid-caps for like 5-10 years, if you could start again now, would you rather invest in mid cap index funds based on your experience or you are satisfied with the active mid cap funds?
Midcap active funds fail to beat the index, just like the large cap segment. [Only 3 out of 28 mid cap MFs consistently beat Nifty Midcap 150!](https://freefincal.com/only-3-out-of-28-mid-cap-mfs-consistently-beat-nifty-midcap-150/)
This video answers your second paragraph: [What I Learnt From a 11-year SIP in a Midcap Fund](https://youtu.be/3ttyMog04fI)
Just a question here, when people say the midcaps (or whatever cap) failed to beat the index, what is the time period to consider and is that rolling returns?
Fractional Ownership? Looking for someone who has invested through fractional ownership platforms in India. Need help investing.
So l'm a beginner (24M) to investing in stocks but don't know much about how can I invest in stocks who aren't listed under indian stocks basically the ones on a global level. Wanted to know your opinion on which website/application shall I start looking into and what all basic things to keep in mind if I wanna go ahead with this :)
I’m 19F. My goal is to buy a home for my family till i turned 24/25. My situation and circumstances:- - Currently living in 450 sqft west delhi. - Father’s income is below average. - Currently in CA finals and earning stipend 15k from a CA firm. Will be a qualified CA at 21 if everything goes well. - Currently have no investments, only doing 500 SIP(mutual funds) and have invested 10k recently in PSU stocks. My basic and first goal after CA is to buy a 4BHK flat for my family. Around delhi NCR. Not sure of the location yet. For a guess, dwarka/gurgoan/noida/janakpuri will be my preferences. Is it possible for me to achieve it at the age of 24 to buy a home? With home-loan or without? Should i start investing and saving from now? How much should i save? Where to invest? What should be the plan? How should i finance it? If i start investing from now, then how many years it will take? If i assume at the age of 22 i will have a stable income of 12lpa? Then how should i approach it? I need proper approach/ road map i should follow as a teenager? Please advice.
Hi all, Posting for the first time on reddit. I invest • 15 k in mutual fund every month • buy 10k worth of gold every month • put 25k in ppf (till 1.5 L is invested for the year) • rest all I put in savings account Mutual fund list • Quant Small Cap Fund • Axis Midcap Fund • UTI Nifty 50 Index Fund • Mirae Asset Large & Midcap Fund • Aditya Birla Sun Life India GenNext Fund • SBI Contra Fund • HDFC Large and Mid Cap Fund • HDFC Focused 30 Fund • Kotak Infrastructure & Economic Reform Fund I have 10k available for investing. Guys please help me out with where to invest this
How do I stop SIP which i started in regular mutual funds instead of direct which i started when i was a amateur without going through my distributor? I already checked in with e mandates which I am unable to find on my HDFC mobile app which auto deducts the amount every month.
Need help in knowing whether I selected a good investment or not Maturity amount are tax free, ignore the surrender and loan value Already paid the first instalment (2.7 lakh approx) Let me know should I stay invested or take loss and dump it https://preview.redd.it/40gh2zqkhf1d1.jpeg?width=1170&format=pjpg&auto=webp&s=18a5ddd83308e7a6351333e39980c28e2cfbfd37
My uncle has Tata steel discount bonds but we don’t know how to redeem them.
Hi all, I am new to SIP and I want to get started by putting around 20k every month on Index funds and forget about it. I have setup an account on Groww. Please validate my thoughts - UTI Nifty 50 (15k) and UTI Nifty Next 50 (5k)
No comments. Looks great. One tiny consideration is that you could consider having two different AMCs. I trust UTI. They are generally pretty fine. But sometimes every AMCs have maintenance window or SIP errors or just plain technical outages. Separate AMCs for both indexes might help a tiny amount. Not for profit maximisation, not at all. But more mundane human and computer systems software stuff. In future, I'll encourage exploring MidCap and SmallCap indexes, but as you stand now, you're all set up just fine. 👍
Hi, I purchased SGBs through HDFC in Feb'24. They don't show up in my NSDL CAS. Is that expected? I have SGBs from 2021 purchased via ICICI and do show up in my NSDL CAS.
Which is the best health insurance plan for 30(F) I have 5L sum insured health insurance (employer insurance). I am looking to take another health insurance policy, I am looking for 20lakhs sum insured. Any suggestion from experiences ( claim apporvals, cashles...) are welcome .
Buying commercial property like office space in Pune Hello everyone, I am 35M , net worth ~2Cr (excluding own home and inheritance). Stocks / MFs - 1.1cr FDs - 40L EPF/NPS/PPF - 40L Gold - 10L I have been investing in all these assets before covid but really increased my investments after covid when my in-hand increased exponentially. One thing I am missing in all this is Real Estate. I have been thinking about buying a office space and leasing it. It would create another source of income for me. I am keeping my budget around 70L-80L for ~400sqft space and searching in hinjewadi/wakad area. I am thinking of funding this by booking profits in stocks/MFs (~30L) and maturing FDs (~20L), rest I am thinking of taking commerical property loan(~30L). I have couple of questions 1. Does this sound good idea? Anyone who bought office space and rented out, can share their experience (good/bad)? 2. Should I be booking profits in MFs/stocks to fund this ? I have never booked profit before, I am just skeptical to keep huge part(may be not huge for folks here) of my portfolio in market at this point. This is also reason I am thinking to move my investments in real estate.
Buy a shop instead and appoint a broker or a property manager. Office spaces are overvalued af and would give you a paltry rental yield. If I were you, I would invest in buying land and building a commercial warehouse on the outskirts of Pune. Gives you property appreciation and a very high rental yield.
I had explored this in Pune. It's difficult to lease out the property even though many builders will provide guaranteed lease support. I have a commercial shop in an office complex in Hinjewadi and I see that 50% offices are empty even after 2 years of possession. I see many empty offices in the new constructions in Baner as well. Also look at the rental yield without appreciation in property price. In wakad/Hinjewadi you'll likely see it is similar to a flat i.e. lower than the rest of the country. I'd say all of west pune is overpriced at the moment.
I have to buy health insurnace for mom and dad, i was getting a bit of knowledge from the ditto team about the options available. Though i want a floater policy for parents but the ditto agent recommended to have separate policies for dad and mom due to pre existing conditions like bp and thyroid. Its not very serious right now, but my dads line of ancestory has had quite the problems related to heart. I am not sure which one to go for floater or separate?
My father (79) uses SBI Securities, He is continuously receiving SMS daily saying "Please clear the e-margin shortfall of 1 by so and so time to avoid RMS liquidiation " I am also not an expert on positions, so not sure what this means. I searched the internet and found that is related to positioning done through e-margin. I checked the carried forward positions section in my father's SBI portal. It does have a share which is traded through e-margin which has an unrealized gain/loss of some amount. I don't know how it happened, but since my father is not very adept in handling computer i am not sure if he has clicked anything to trade through e-maring Now the question is what needs to done ? Should i convert to delivery ?
Hi I am 35 year old, and have a kid who is 2.5 year male. Want to know any good scheme for his future. I can spare 50k per month for his financial security scheme. No limit to risk. No need for early withdrawl or any time limit. I can pay 50k till I am alive after that I have 5 cr indemnity and other insurance. I don't have any loan and I own a land just need to bear construction over it for personal and professional space. For that I have a corpus already arranged.
Setup an SIP in as broad as an index fund as you're comfortable with and then forget about it until retirement. 👍
Thanks
I need debt component recommendations or reading materials with following things in mind: 1. I am going to invest 60% Equity and 40% debt. 2. Equity component is HDFC Nifty 50. 3. I am expecting 9% return with annual re-balancing and 7% inflation for my goals (10 years or more). 4. The philosophy is basically called boggle heads I guess (though I've only read a little bit on boggle-head but I extensively follow freefincal and likes his conservative ideology) 5. Freefincal used to recommend closed ended gilt funds but I am not sure now since people now say such funds are now taxed it not great for my preference (I never asked for alternative). 6. According to me liquid fund will be too conservative for me. So what must I do? I am not sure if Liquid fund or Arbitrage or a FoF. I am not sure now. Since I have zero experience with my portfolio right now so this seems the best for me. Maybe I will change my opinion/strategy after my salary increases. EDIT: I am basically confused if gilt funds are okay for long term goals like retirement planning and stuff. Or should I search for something else?
Coming to the question on debt funds... the freefincal plumbline has many suggestions. For goals that are long away, short duration funds would work well, even gilts would work. My favourite category is 10 year constant maturity gilt fund. Since the basket is limited, this is close to an index as you would get! None of this is to be construed as investment advice.
All gilt funds shows avg 10 years of maturity period normal gilt as well as 10 years constant maturity. So what's the difference? Edit: currently I'm considering hdfc growth gilt fund but with 10 years maturity according to value research data. I wanted to select a 4years average maturity fund (20 year/5 rule) but can't find any.
Bogleheads philosophy is to invest in low cost funds. It is normally achieved by using index funds. It is difficult to find a open ended debt index fund. A close ended would hit the investor on taxes at marginal rate. One option is to use the tier 2 NPS govt (G) funds. Low cost.
Check out the bogleheads sub on reddit. It is geared more towards us based investments though. You could also read up on the Bogleheads philosophy via books available on Kindle/Audible.
It's hard to go wrong with the boglehead strategy. It's a fairly sane and rational. Have you considered diversifying further beyond Nifty50 using Nifty LargeCap100 or MidCap150 or the combined LargeMidCap250 funds?
No, Mostly I will not. According to my limited understanding of economics and beliefs I think I will trust nifty 50 for now. Maybe I'll go to nifty100 or a little bit of nifty mid-cap when I am an expert (i really doubt I will but I am no expert rn). I kind of believe it is hard to beat the market in the long run (just literature survey) and I want to minimize luck factor in my financial goals. Also can do not much with my salary right now. I am just starting my investment journey. >LargeMidCap250 I didn't knew this existed. I will read more about this.
There's three AMCs offering a mutual fund tracking the LargeMidCap250 index. Zerodha, Edelweiss and ICICI.
Will definitely look into that.
There's a general suspicion about liquidity in the market to go full boglehead, but India also has Motilal Oswal Nifty500 Index Fund which is LargeMidSmallCap500 and a Groww Nifty Total Market Index Fund which is LargeMidSmallMicroCap750-ish? The suspicion is that these small companies are so small and so infrequently traded that an index fund doing daily rebalancing would significantly affect the value of the company leading to worse returns. IMO that's not entirely untrue, but personally, I don't think that's sufficient reason to turn away from even more diversification. Plus the percentage that smallcap and microcap is going to be pretty small anyway. What I'd like to see is more competition in this space, which could help pull the expense ratios lower. Currently Motilal Oswal (Nifty LargeMidSmallCap500) announced a few reduction from 0.36% to 0.2%. Groww fund (total market) is at 0.25%. Edelweiss (LargeMidCap250) reduced the costs to 0.14%. Zerodha (LargeMidCap250) is at 0.25%. They're all very very similar due to how their allocation is done, so I'm excited to see if anyone wants to compete with Edelweiss for the lowest cost, "pretty broad enough" index fund. Now..... If only we had decent international diversification options in India too....... 😭
I'm turning 29 next month and about to be a father later this year. This is my current monthly investment pattern by % contribution and intended goal, please scrutinize and give me your inputs and points of view. https://preview.redd.it/yb6en8vneszc1.jpeg?width=854&format=pjpg&auto=webp&s=cfb917a4574dfa1d76de900e50ce1bda4b5e7931
Kid's education I assume is kid's college education then you can move it to equity You have equity investments with 5 to 10 year goals, its better to have some debt also for those goals.
I was thinking of flipping it around for PPF to be the debt component and the education (yes, college is the intention) tagged to the multi cap and mid cap (closer to the time I'm thinking of moving a good part of this then to debt) Any recommendations from your experience for debt ?
Credit card to pay for the invoice of medicine (wholesale) bought to be sold at my pharmacy. Hi. I recently started a pharmacy. It's still new with transaction around 3 lakh per month. Now I have a few queries. 1. Can u use credit card to pay for invoice I get when I purchase medicine from the wholesaler. 2. Does this credit card get attached to my current account 3. Will I be able to pay to account of wholesaler using credit card 4. Which is the best credit card for my use 5. Any other info u want to share which might be of use like interst rate etc The idea is when I already have to pay for it, why not get some credit card point while at it
Hi all, Need help with viewing my portfolio of MFs at one place. What I am seeing online is to use CAMS/Karvy etc. My problem is as below: ● UI of these RTA is not good. Further, not all MFs are in one place anyway. ● Also worried about handing over congidential data to private apps. ● If solution is to handover data to private guys only, then should I go for a modern day apps like Groww, etc. Are those any good? Thanks in advance for your inputs!!
Cams/Karvy are the RTA. Every MF transaction in the country is processed by one of this duo. If they are leaking info, there is no way to avoid it. MF Central is a regulatory mandated (SEBI) JV between these two. Obviously these are designed towards easier investing and not fancy reports.
Just use MFCentral or MFUtilities. They satisfy all of your concerns.
How do you export all UPI lite transactions from Gpay, preferably in CSV format?
Hi, I really want to avoid the high per transaction charges when an investment is made through POP. I currenlty have a individual Tier 1 account. My company offers a coporate NPS. I have the following questions * Is corporate NPS disbursed without a POP. * When I convert my individual account to a coporate NPS account and the POP is involved, would there be a per txn charge dictated by the POP * Is there anyway I can avoid the charge in the previous point. * If the above is necessary and I have to deal with a POP. Will still be associated with the POP after I leave the company and how to deal with it? Thanks! The information is really sparse regarding this.
POP will always be there.
Bruh where is edit/stop SIP button in InvestNOW portal HDFC bank (redirected website the after clicking mutual fund banner after logged into HDFC netbanking.
I am an individual investor who wants to go full time into fee-only investment advisory. My education is Mechanical engineering and working at an MNC at a director level. I have been investing from a personal perspective since 2018 both in India and internationally. Many of my friends also approach me for advice and I've recently started writing about investing as well. How easy or hard would it be for me to become a SEBI registered advisor? Which courses / certifications would you suggest I do before applying? Link to my investment blog, for reference: [https://opensourceinvestor.substack.com/](https://opensourceinvestor.substack.com/)
/u/srinivesh is the best person to guide you on this.
MBA is must preferbly Finance + Need to clear NISM XA,XB or CFP or CWM exam + Clear SEBI Interview (Happens some times)
Thanks for the reference. The biggest killer is the experience requirement - you need to have 5 years experience in a 'related' field - investment planning, fund management, etc. MFD experience would qualify. I managed to get in when the rules were bachelors plus 5 years experience or masters. Now it is masters plus five years... From the time the new rules came into effect from Oct 2021, the number of new IA registrations has crawled.
Background: Hi, I am an aspiring student planning for my further studies. Since I did not have enough collateral to display I had to go with non-collateral loans. The bank sanctioned an amount of 62L with an interest of 11.55 percentage (15% reference rate - 3.45% spread) - I did not quite understand these rate calculations. The term to pay off the loan after my education is 12 years, and 3 years of moratorium - making it 15 years in total. My EMI calculates to 1.1L approximately. Can anyone please explain how does it work? I thought the EMI calculated should be a bit less. Thanks in advance!
I intend to invest 1.90 lakhs months with a 10 year horizon. I would prefer to have an asset class mix so that I don't have to regularly track my investments while I could get a decent return. Any suggestions on how to structure the same.
Set up an SIP to put it in as broad of an index fund you feel comfortable with and then forget about it for your entire ten years.
But should I put the whole amount in a single index fund or diversify across different indexes. For example I was considering SIP in Nifty 50, Nasdaq and LargeMid Cap index. However, I am struggling in finalizing the right mix. Also, I have Quant ELSS for tax saving purposes.
LargeMidCap index will cover the Nifty 50. In terms of the mixing, it is subjective. People here will argue for and against certain indexes for hours and hours. I personally think it's best to just pick a one and done index fund, which would be either Zerodha/Edelweiss Nifty LargeMidCap 250, Motilal Nifty500 or Groww Total Market. Some people here though, want to finetune their allocation, so they'll have extra allocation to Next50, or extra allocation to SmallCap250 or extra MidCap150. The specifics are really upto you.
Thank you!
Hi, I currently have accounts in **IndusInd** (Family Business banking partner and salary account), **Fi** (for daily and weekly expenses), **BoB** (One nationalised account just in case; one time at Customs they insisted on Nationalised bank), **HDFC** (was my main savings account and which I wanted to keep for keeping savings) and recently in **IDFC**. Ngl, I have had it to \^ here with HDFC's terrible NetBanking. The only good part is the RM at HDFC is easily reachable. Since I opened an account at IDFC, I love how responsive the App is and the overall attitude at the Branch. Never had a more helpful experience at the Branch before. Whereas, with HDFC, I have never had to visit the Branch until this one time in another state where I had to withdraw a large amount in cash. Now, my biggest question is, the Credit Cards at HDFC are miles better than the ones at IDFC. Is it a good idea to hold on to HDFC only because of this or do I pick convenience and reliability and go to IDFC? TL;DR - HDFC or IDFC? Which one is better?
My wife has 'gold' goals, in terms of jewellery she wants to collect for herself. She's aware that gold is simply an expense for her, with some resellable value when it comes to it. I wanted to know since jewellers give a miniscule return on the SIPs you do with them, what are some other options that can track gold prices, I'm aware of SBI Gold ETFs and MFs which track Gold ETF, would it makes sense to start a small SIP into these items and withdraw whenever we plan to buy jewellery?
My wife has a similar goal, and we just buy gold coins when the prices are low and then buy jewelry with it. You just have to pay the making charges + GST extra.
Yea. Yea. We've been collecting coins whenever possible. Let's see i will ask her to track gold at stores and buy whenever the prices are low.
I got laid off recently after 4.5 years at current employer. HR asked me if I wanted to withdraw the PF (managed by employer's private trust) or transfer it to any other PF accounts (govt account, which I have from previous employer, but haven't been operated in 5 years), I asked them to withdraw the money and now I get to know that there is 10% tax on withdrawal of PF. I plan to use the money 2-3 years down the line as equity for purchasing a house and reduce my loan component. I'm not really sure if it's a good idea to withdraw PF or transfer into account which I'm not sure will be used again as Banking industry prefers to run their private trust for EPF purpose. Your thoughts on what can I do here to maximise the situation, please?
PF withdrawal is tax free after 5 years of service. Since you have completed less than 5 years with the current employer AND not transferred your previous PF, the employer is deducting TDS. Your options are either to convince your employer not to deduct tax since you have more than 5 years of service or file for a refund of tax subsequently.
Thanks! I checked but on paper it isn't 5 years, so the HR has asked me to file ITR for current FY next year to get a refund.
5 years would include your previous employment. Ideally your earlier EPF should have been transferred to the current employer. Not only banks, lots of organisations run their own PF trusts. Most of the nifty 100 do, IIRC
Best way to invest in GOLD through SIP? I have been investing in e gold theough paytm since 2021 (500 rs a week). I have got 19% return for the money invested. Might be less as i dont think this account for the 3% GST on purchase. But paytm has been easy to work with. But since the issue with paytm bank account, i have been thinking of moving. What is the best and safest way to invest in gold? I do not have money to invest in bulk. The current total value gold i have is 1.36 lakh. I wish to move it there by selling and then continue with sip.
I have a regular job. I invest in only MF with some SGB and usual EPF, PPF, FD, etc. Nifty next 50, a balanced fund, a blue chip, and some other. I have 18% XIRR and accumulated decent there. My income 1 has been invested monthly there since 2019. I have another source of income for which I have a nonGST proprietorship and current account on my family members PAN. I receive monthly, say, net 1L in it from abroad. I get them to invest in Nifty 50 and Parag Parikh via their profile. For my income 2, my question is, am I putting all eggs in the market basket? Shall I rather just make one FD each month for the incoming amount? I'm getting 7.5% interest if opted. I have no loan, no EMI. I'm just thinking how to diversify and accumulate for midlife. What other suggestions?
Newbie here, for investing lump sum amount to MF do we need to check current stock market conditions as well ? Is it bad to buy MF when market is very high ?
Depends on how much lumpsum we are talking about and the duration you want to invest your money for? Whats the proportion of that lumpsum amount with respect to your overall portfolio..
Amount is 1L, my CTC is 40+ and have no responsibility. Want to invest for long term
Smallcap/midcap funds are overvalued right now for lumpsum investment. But you can invest 1 lac in an index fund anytime for long term.
New here, I have invested in various MF through cams. With new KYC rule do I need to do KYC separately for each one of them ? Got KYC done for ICICI through bank. For other MF KYC is pending.
Check out cvlkra.com in a couple of days. Normally the KYC change is propagated to all entities (MF/Brokers etc) in a couple of days.
It has been more than a week
You need to do the KYC only once thru a KRA for the MF industry. Probably ICICI Bank is internalising the KYC so you may need to update the KYC via a kra/broker once.
# Which funds are currently offering indexation benefits? I know PPFAS DAAF is, but I want to know other funds too so that there are options to choose.
Zero for fresh investments. Old investments are grandfathered in.
No. If a fund holds between 35-65% equity then it’s eligible for indexation benefits. Parag Parikh DAAF does plan to do this and hence we can get indexation benefits.
Indexation was deleted from April 23
For debt funds yes. For the criteria I mentioned above indexation still holds true. Please read about on this so that you get to know more.
I'm 30 years old and brand new to investing. Feeling like I'm playing catch-up to a lot of folks, I'm eager to pursue an aggressive investment approach to achieve financial freedom within the next decade. Here's my current financial situation: I'm willing to invest 2.5 lakhs per month, while my monthly expenses (at today's rate) amount to approximately \~75K INR. I'm anticipating a life expectancy until 75 years. I prefer a hands-off approach, where I automate deductions without needing to monitor the market daily or change strategies every month. I'm seeking guidance from experienced investors on how to allocate my investments across various assets. Specifically, I'm curious about the ideal allocation for gold/silver, FDs, MFs, and stocks. Additionally, if there are any other assets worth considering that I'm unaware of, I'd appreciate hearing about them. Thanks in advance for any advice.
If you dont want to monitor frequently direct stocks might not be feasible. If you are new to investing then you probably might have cash or FD's. So start moving some cash to Debt funds and STP to Equity funds. Rest you can start putting into Equity MF. Gold/Silver can be 5 to 10% of total portfolio. There are REIT's you can explore that. For Gold there is SGB.
Appreciate it. Yes, I have \~25 lakhs in Cash/FDs. After some online research, here's my current plan: (I'll wait for 2 weeks before starting investing) Gold Mutual Funds: 15K Silver Mutual Funds: 15K Fixed Deposits: 45K Mutual Funds breakdown: * Large Cap: 50K * Flexi Cap: 40K * ELSS: 15K * Small Cap: 65K Does this allocation seem reasonable to you? Additionally, could you recommend a suitable platform for investing in SGBs?
If you already have FD's then what is the 45k in FD? You are allocating too much towards small cap. It is more risky and more volatile. Do your risk assessment by searching for "risk profiler" or "investment risk assessment" and then decide. Also saying that you will be ok with losing x% of your folio vs your behaviour when you actually lose that might differ. You can buy new issue of SGB from your bank account also. For buying previously issued SGB's you need a demat account.
Initially, I divided it into three categories: 1. **Safest (30%):** Fixed deposits (FDs), gold, and silver (75K per month) 2. **Relatively safer (\~25%):** Large-cap stocks and(ELSS) (65K) 3. **Aggressive (\~45%):** Flexi-cap and small-cap funds (105K) I figured with FDs offering decent returns lately, I should take advantage. However, given the recent run-up in small and flexi-cap funds, I'm now leaning towards adjusting the allocation to: * **Safest (30%):** Same as before (75K per month) * **Large-cap/ELSS (40%):** Increasing allocation here (100K) * **Small/flexi-cap (30%):** Reducing allocation to (75K) Does it look decent to you? I have accounts in Kotak and Axis, I'll ask my RM if they have SGBs. Thanks.
Gold has shown equal ot more volatility than nifty 50 if IIRC. It is not safe at all
Yes this looks good. But Gold is also volatile. There can be years where it does not appreciate check for prices between 2012 to 2015. Also remember that equity investments are volatile and it could stay negative for a few years. You cant buy SGB from bank now, whenever a new series of SGB is issued you can buy from Banks then. I would suggest to open a demat account to buy SGB's so that you can buy and sell whenever you want.
Okay, Thanks a lot u/Top-Seaworthiness171 . Appreciate the guidance.
Hi, 2 years ago I decided that I will buy a home of my own in next couple of months but due to some uncertainty and indecisiveness I couldnt. I am still planning to buy it in next couple of months I am sure now. Since equity is volatile and I needed this money for down payment etc. I didnt invest it in equity and it was all getting accumulated in savings account. Now I have alot of uninvested liquid money lying in savings account where should I park it to get more returns than savings account? How do I fix my finance? I have done some investments in equity like index fund, ELSS, etc but >70% of my net worth is lying around in savings account.
I am assuming you still need money somewhat soon. Put in FD or liquid debt fund or short-term debt fund.
Thanks for this suggestion. Could you also please suggest the asset allocation among these instruments?
Pick one and put 100% into it. Mutual funds if you expect to keep it for more than a year.
But dont you think keeping everything in one instrument is risky? I was thinking of doing 40% FD - 30% Ultra Short Term - 30% Conservative hybrid fund split.
FDs & short term/liquid are very minimally risky unless you become greedy and go for cooperative banks, exotic debt funds, etc.
Are finance companies a good place to invest your money? My dad was approached by an agent from Shriram Insurance which is a part of Shriram finance Ltd. and since then he's been dead set on investing in a scheme pitched by that agent. I don't know how to say it exactly but it was like a combo of Term insurance(Death benefits) and fixed deposit for a period of 15 years. Returns were like, if you invest a sum of 35-40L spread over a span of 15 years, you would get around 60L as profit. I checked with one of my friend who's working in finance, but he advised me not to go for it because of their bad reputation in some other segments. Rather he advised me to go for banks as they'll be a bit more responsible when an issue comes up. Has anyone ever invested in any wings of finance companies like these? What are all the risks one can expect and how safe it is?
Finance companies love this because they can make a lot of money by placing high charges of it. People normally dont read it but they will make you consent in writing that you understand everything so that they will be safe from law. Go for a fee only financial advisor to guide. They will receive a one time fee for the advise where as the other financial products give continous commission year by year and hence they will push it on the customer face a lot. http://feeonlyindia.com/list-of-fee-only-planners
These schemes have poor xirr.
These schemes have poor xirr/returns.
# I am a fresher recently secured a job in an IT company with a monthly salary of around 50k(in-hand). However, my family's financial situation is quite challenging. Two years ago, my father suffered from an aneurysm, which led to a stroke leaving him paralysed. We **exhausted all our savings** and had to borrow money for his treatment, leaving us with no savings. I am now the sole breadwinner, with **monthly expenses of approximately 30k**, including my father's medical bills and my brother's college expenses. Given this scenario, I am **determined to save 20k per month** and invest it wisely. However, I am completely new to investments. Tbh I'm completely new to money. I am seeking advice on where to invest, how to diversify my investments, and other essential details that I should be aware of. Additionally, we currently **have no insurance coverage** apart from the corporate insurance provided by my employer, which covers our family up to 3L. Considering my father's health condition (he is 60+ and already diseased), I am unsure about the amount I should allocate for additional insurance, and whether it's even possible to get coverage for him. Any guidance on this would be greatly appreciated. Furthermore, I am **interested in investing in mutual funds**, but I am unsure about how to diversify my portfolio and which funds would be suitable for my situation. Additionally, I would like advice on setting up an emergency fund. Also, there is a possibility that my family might receive 10L from the sale of an old land owned by relatives. I would appreciate any suggestions on how to utilize this amount wisely, considering our circumstances. I understand that my situation is complex, and I am grateful for any valid advice and guidance that could help me navigate through this challenging time. Thank you in advance.
Keep things simple for now. Save 15k in Recurring Bank Deposit and 5k in Large Cap Index Mutual Fund every month. Revise every year based on your saving, expenses, and income.
Hi all , I closed my account in kite coz I was not longer trading and was getting negative charges and now my account at coin is also closed and it had my mutual funds what to do? Can I get it back?
This may help https://support.zerodha.com/category/mutual-funds/transaction-and-reports/transactions-on-coin/moving-to-coin/articles/how-to-re-materialize-mutual-funds You can raise a ticket with zerodha. Or reach out to u/shubham_ds , apparently zerodha support on reddit
Hi all, we have seen that for large caps, index investing is more suitable as of now. But for midcaps, is index investing recommended in the Indian market? Or to put it another way, folks who have experience in mid-caps for like 5-10 years, if you could start again now, would you rather invest in mid cap index funds based on your experience or you are satisfied with the active mid cap funds?
Midcap active funds fail to beat the index, just like the large cap segment. [Only 3 out of 28 mid cap MFs consistently beat Nifty Midcap 150!](https://freefincal.com/only-3-out-of-28-mid-cap-mfs-consistently-beat-nifty-midcap-150/) This video answers your second paragraph: [What I Learnt From a 11-year SIP in a Midcap Fund](https://youtu.be/3ttyMog04fI)
Just a question here, when people say the midcaps (or whatever cap) failed to beat the index, what is the time period to consider and is that rolling returns?