I m 40 yrs now, earning 1.5 lacs a month in hand, monthly investment are-- 12500 ppf, Quant midcap 15k, HDFC midcap 10k, pgim midcap 5k, quant smallcap 5k, Nippon smallcap 5k, parag parekh flexicap 5k, pgim flexicap 5k, quant active 5k,Nippon multicap 5k, HDFC multicap 5k Nps, apy 7k. Total monthly inv around 84k Hv given 30 lacs unsecured loan to friend from where earning 60k per month want to invest this money monthly, where to invest?
Ans: It's commendable that you're making significant investments towards securing your financial future. Given your current financial situation and the surplus income from the unsecured loan, here are some suggestions on how you can invest the additional 60,000 rupees per month:
Emergency Fund: Before considering additional investments, ensure you have an adequate emergency fund set aside to cover unexpected expenses or financial setbacks. Aim to have 3-6 months' worth of living expenses saved in a liquid and easily accessible account.
Debt Repayment: Given that you've provided an unsecured loan to a friend, consider prioritizing the repayment of this debt. Focus on reducing or eliminating high-interest loans to free up cash flow and reduce financial stress.
Diversified Investments: Allocate a portion of the surplus income towards building a diversified investment portfolio. Consider investing in a mix of equity mutual funds, debt instruments, and other investment avenues based on your risk tolerance and investment goals.
Equity Mutual Funds: Since you already have significant exposure to mid-cap and small-cap funds, consider diversifying further by investing in large-cap or multi-cap funds. These funds offer exposure to different segments of the market and can help mitigate risk.
Debt Instruments: Given the volatility of the stock market, consider allocating a portion of your surplus income towards debt instruments such as fixed deposits, bonds, or debt mutual funds. These investments offer stability and steady returns over time.
Real Estate: If you have a long-term horizon and are willing to take on the associated risks, consider exploring opportunities in real estate investment. However, ensure you conduct thorough research and due diligence before making any real estate investments.
Seek Professional Advice: Given the complexity of financial planning and investment management, consider consulting with a certified financial planner or investment advisor. They can provide personalized guidance tailored to your specific financial situation, goals, and risk tolerance.
By diversifying your investments, prioritizing debt repayment, and seeking professional advice, you can make informed decisions to secure your financial future and achieve your long-term financial goals.
