Hello sir, I want to invest 15,000 per month for long term upto 20 to 25 year so please suggest me how should I invest ?my monthly income is 80k my current debt is home loan for which pay around 40k per month
Ans: With a long-term investment horizon and a desire to grow your wealth, you're on the right track. Here's how you can invest your 15,000 per month:
• Given your long investment horizon of 20 to 25 years, consider allocating a portion of your investment to equity mutual funds.
• Equity funds have historically offered higher returns over the long term compared to other asset classes.
• Aim to diversify your investments across different types of equity funds, such as large-cap, mid-cap, and small-cap funds.
• This diversification helps spread risk and maximize potential returns.
• Start with systematic investment plans (SIPs) in equity mutual funds, investing a fixed amount every month.
• SIPs offer the advantage of rupee cost averaging, where you buy more units when prices are low and fewer units when prices are high, averaging out your cost over time.
• Since you already have a home loan, ensure you have an emergency fund set aside for unexpected expenses.
• Aim to gradually increase your SIP amount as your income grows and your financial situation improves.
• Regularly review your investment portfolio and make adjustments as needed based on your financial goals and market conditions.
• Consider consulting with a Certified Financial Planner to help you create a personalized investment plan tailored to your needs and objectives.
By investing systematically in equity mutual funds for the long term, you can potentially build significant wealth over time. Stay disciplined with your investments and remain focused on your financial goals. With patience and persistence, you can achieve financial success and secure a bright future for yourself and your family.
