My salary is 30000 and age is 29. I want to invest 10000 in mf, 15000 for living expenses and skill development and 5000 in savings account for emergency.
Where should I invest 10000 in mfs as I am new to investment.
Ans: It's great to see your enthusiasm for starting your investment journey at such a young age. Since you're new to investing, it's essential to prioritize understanding your risk tolerance and investment goals.
For your MF investment of Rs. 10,000 per month, you can consider starting with a balanced mutual fund or a diversified equity fund. These types of funds offer a mix of equity and debt instruments, providing a good balance between potential returns and risk. Look for funds with a track record of consistent performance and a low expense ratio.
Before investing, take some time to research and learn about different MF options, consider seeking advice from a Certified Financial Planner, or use online resources and investment platforms that offer guidance for beginners.
Remember to stay disciplined with your investments and regularly review your portfolio to ensure it aligns with your financial goals and risk tolerance. As you gain more experience and confidence, you can explore diversifying your investment portfolio further.
