I'm 27 with monthly in-hand salary Rs.37,000 with an expenditure of Rs.15000 for family I'm confused on how to secure my future financially. Could you please suggest some mutual funds with low risk and high gains I can invest in or any other better investment options
Ans: Hello, the thumb rule as per me for long term investments should be 30% of gross salary to be financially independent in 15yrs from starting the investments.
As far as investment risk and returns go , no high return investment is low risk , risk is a point of view which differs from person to person, It is always a good idea to consult with a financial advisor in person.
Suggestion of funds :
small cap 30%
mid cap 30%
multi cap 30%
large and mid 10%