Dear Ashal,
Please note that I am planning to start investments in Mutual funds and currently am investing in PPF(only in the month of April to utilize the interest effectively) and RD (for short-term plan).
My Take home salary is Rs.35000. After deducting my house expenses + other expenses, PPF and RD, am left with Rs. 7000/month.
So, could you kindly suggest me how i can go about investing this amount in MF? Please note that i am going through some articles regarding mutual funds and i have only little knowledge about it currently.
Whether i can divide this amount and put 50% in Liquid funds and 50% in Equity funds?
Kindly,Let me know your thoughts on this, as this inputs from you will be of great help for my planning.
Thanks and Regards,
Gopinath.