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u/Cartmanninglife

▲ 4 r/mutualfunds

Hi, I am about to start my first full-time job and I’ll get 1.7-1.8 lakhs per month in hand, after all deduction. This is all that I saved up through SIPs while I was unemployed. But now that I’ll have a regular stream of income, I’m planning to invest 30-40k per month. My risk appetite is not very high and I want to save up to 2cr in the next 10 years. Please suggest some good funds, and also advise whether I should continue these three, or not.

u/Cartmanninglife — 11 days ago
▲ 10 r/personalfinanceindia

Hi everyone! I am a 28 years old female and I’m about to join the first job of my life. My in-hand salary is going to be around 1.7-1.8L per month after all deductions. I am joining the workforce quite late and I have my reasons for the same, but that aside, I now need suggestions to properly allocate my salary.

Here are a few things to know about me:

  1. I don’t come from money and I’ll have to send money home to support my family. Luckily we own a house but that also needs major renovation.

  2. The job is in Mumbai so my living expenses will also be fairly high.

  3. I have an education loan of around 15L (at 7.9% interest) to pay back which is on simple interest now, and will attract compound interest after 2026.

  4. I don’t intend to get married and/or have kids, so I can keep those calculations out.

  5. I also don’t want to own any personal vehicle.

With these factors, starting from scratch, how should I proceed to build a decent corpus for myself, around 2cr rupees, realistically in the next 10 years?

Please do share your opinions or if you think I’m being too aspirational. I’m all ears! Thank you so much!

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u/Cartmanninglife — 12 days ago