My name is Rajesh Gupta. Age 29. Living in Pune and I am software professional earning around 11 lpa. My simple aim is to save as maximum as I can. I have currently following liabilities/expenses.
1. Home loan of my native place. Currently only 3 lacks are remaining to pay. EMI is coming around 9000 p.m.
2. Home loan taken in Pune. This is around 33 Lacks. EMI is coming around 32000 p.m. The possesion of this property will be given in June 2013.
3. My mother has both kidneys not working. So she has to come through dialysis twice in a week. Currently this is performed in my native place. So cost is coming around 10000 p.m. In Pune, this will cost me more than 20000 p.m. I am planning to take her here in near future.
4. Currently living on rent in Pune and this rent is 10000 p.m.
5. I have term insurance of LIC (Amulya Jeevan) which premium is coming around 7000 per year.
6. I have also LIC policy Jeevan saral. I am paying 3000 p.m. for this.
7. In EPF, my + employers contribution is coming around 9000 p.m.
After that I am manage to save 7-8K per month. Please suggest me where and how I should invest money. I will have 10K more after getting possesion of my house.