Hi members,
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
BASIC 5800.00
HOUSE RENT ALLOWANCE 2320.00
BENEFITS PLAN 10380.00
COMMUTATION ALLOWANCE 800.00
ADDITIONAL ALLOWANCE 4167.00
PROVIDENT FUND 696.00
GRATUITY 308.00
QPLC 2290.00
MEDICAL 325.00
MONTHLY GROSS 27086.
Regards,
Priti