POSTED BY April 3, 2012 3:39 pm COMMENTS (5)ON
I have a goal for marriage in 3 years from now. So want to invest some money for mutual funds, say a balanced fund like Tata balanced fund.
Plus I also have to put in mutual funds to save taxes.
The maximum I can save per month is 5000.
Below is my salary break-up.
Can you please advise
1> How should I put in tax saving mutual fund?
2> How much can I invest in a balanced fund?
3> And which funds to invest..?
Salary Component Amount
HOUSE RENT ALLOWANCE 2320.00
BENEFITS PLAN 10380.00
COMMUTATION ALLOWANCE 800.00
ADDITIONAL ALLOWANCE 4167.00
PROVIDENT FUND 696.00
MONTHLY GROSS 27086.