How to invest 2 lacs ontime + 15k per month for young investor ?

POSTED BY tanuj ON January 19, 2014 7:00 pm COMMENTS (6)

Hii,

I am Tanuj . I am 23 yrs old currently earning 20k per month. As I am living with my family, I save almost 15k per month.Currently I am not having any investments. Also I have savings of about Rs 2 lakh, so want your guidance and help in investment.

6 replies on this article “How to invest 2 lacs ontime + 15k per month for young investor ?”

  1. Sumit says:

    Hi Tanuj,

    This is the right time to be aggressive and take higher risk in investment, in longer run you will be benefited greatly, here are my opinions following:-

    1) Equities should form major part of your investments (60%- 70%) , better to start with mutual funds as direct stock investment needs much more understanding about stocks and regular follow up
    2) Keep (15-20%) in fixed Income products and debt funds
    3) Open a PPF account and start putting money in it for your long term goal.
    4) Just keep 3-5 months expense in a saving account as emergency fund
    5)Invest 10% in Gold – obviously in Gold ETF or Gold funds rather than physical gold
    6)Plan for your tax saving early and not at last minute, consider PPF, ELSS as options.
    7)This is also the perfect time to get the term insurance or other health covers, as the premium will be much lower at this stage.

    Set your goals and keep your asset allocation accordingly (equity, bonds, fixed income, gold, cash etc) in your portfolio that will keep a balance between growth and stability. To know more about asset allocation go through the below link:
    http://www.behealthyinvestor.com/asset-allocation-for-investors-under-30-year-old

    Thanks
    Sumit

  2. tanuj says:

    Hii,

    Can you recommend any specific for all of the funds you have suggested.

    Rgds
    Tanuj

  3. ashalanshu says:

    Dear Tanuj, how about reading this first?

    jagoinvestor. com/forum/finacial-planning-faqs

    Thanks

    Ashal

  4. Ashish Garg says:

    Hi Tanuj,

    While doing the SIPs, please make sure that you should be able to continue with SIPs in future. Tomorrow you may enter into certain other commitments and your current savings capability may reduce.

    Consider these investments as long term commitments and not just for a few months.

    Ashish

  5. AJ PlanRupee says:

    @Tanuj,
    Pls see the suggestions as under:
    – For savings of Rs. 2 Lacs. Since this is lumpsum,
    You can invest Rs. 1 Lac in a long term debt (fixed income) fund.
    Rest of Rs. 1 Lac can be invested in a balanced fund.
    – For Rs. 15k per month
    It can be divided as under;
    – Rs. 3k SIP in a short term fund
    – Rs. 4k in built-in asset allocation fund
    – Rs. 4k, two SIPs in well managed diversified equity funds.
    You have not mentioned any Investment horizon (time-frame) for your investments, neither have you mentioned any financial goal, so pls see these suggestions in that light.
    Hope this helps.

  6. URL NOT ALLOWED IN NAME says:

    @Tanuj,
    Pls see the suggestions as under:
    – For savings of Rs. 2 Lacs. Since this is lumpsum,
    You can invest Rs. 1 Lac in a long term debt (fixed income) fund.
    Rest of Rs. 1 Lac can be invested in a balanced fund.
    – For Rs. 15k per month
    It can be divided as under;
    – Rs. 3k SIP in a short term fund
    – Rs. 4k in built-in asset allocation fund
    – Rs. 4k, two SIPs in well managed diversified equity funds.

    You have not mentioned any Investment horizon (time-frame) for your investments, neither have you mentioned any financial goal, so pls see these suggestions in that light.

    Hope this helps.

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