Hi All,
I went through many website to know on financial planning, but I thought this website has lot of information so dropping this thread.
I Just started my career as an engineer,
My monthly take home is 28k
Monthly expense will be 10k
Remaining amount 18k
At present I have one health insurance called HDFC ERGO, where am investing 640/month for one year. It has coverage of 3 Lakhs per year for 2 years.
Now am planning to start investment , but confused where and how to start. Daily many agents will call and explain many plans.
My aim is to invest on small and long term. After my monthly expense I will be remaining with 18k, in that how much amount I can invest because I have to save at-least few thousand for emergency.
I thought my portfolio should have these type of investment as follows:
1. SIP
2. Life+accidental+pension plan insurance
3. Guaranteed returns like PPF, NSC
4. On stock
5. ULIP
6. Chitfund.
I don’t think I can start investment in all sector with this small amount, if possible please guide me for financial planning or suggest me in which all sector I can invest.
I think minimum 5k I have to keep as emergency fund in my remaining amount of 18k, so that i can have 60 k/ year as my emergency fund in my saving account.
Tanks in advance, looking for guidance. the guidance from all people in form will be great help.