Investment advice please
Hi All,
I need some help on investing my monthly salary.
I am 33 single parent.
My monthly salary comes around 1.5 L
Monthly rent and other fixed expenses : 20 k
School fees : 1.3 L per year ( roughly 11k per month)
Grocery and food: 10k per month
Life insurance : 1.6 L per year
I have some investments in stock and mutual funds.
Current sips :
Icici prudential blue chip - 5 k
Nippon India large cap - 5k
Tata large and mid cap - 5k
Sbi large and mid cap - 5k
Nps - 5k
Local finance chit fund - 25 k
Whatever remains goes to fd for 18 months.
What can I change here?
Risk appetite: medium
Goal: To raise a passive income in case I lose my job (worst case scenario)
Duration: Next 5 - 10 years