I’m 35 and earn Rs 2 lakh a month. How much and in which mutual fund schemes should I invest?

I’m 35 and earn Rs 2 lakh a month. How much and in which mutual fund schemes should I invest?

In this edition of Ask Money Today, read all about mutual fund investments and how you should plan for them

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To secure your financial future, it’s recommended that you aim to save about 30 per cent of your monthly income, which in your case amounts to Rs 60,000.To secure your financial future, it’s recommended that you aim to save about 30 per cent of your monthly income, which in your case amounts to Rs 60,000.
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Navneet Dubey 
  • Sep 7, 2023,
  • Updated Sep 8, 2023 2:28 PM IST

 Always read the offer documents carefully before investing in Mutual Fund SIPs. It’s essential to understand where your money is going. It is crucial to choose fund schemes carefully based on your individual financial goals, risk appetite and investment horizon. Lastly, despite all research and planning, keeping in touch with a financial advisor for personalized advice taking your specific circumstances into consideration would be beneficial.

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Watch: G20 Summit in Delhi: Nine facts you need to know about the global forum

 (Views expressed by the investment expert are his/her own. E-mail us your investment queries at askmoneytoday@intoday.com. We will get your queries answered by our panel of experts.) 

 Always read the offer documents carefully before investing in Mutual Fund SIPs. It’s essential to understand where your money is going. It is crucial to choose fund schemes carefully based on your individual financial goals, risk appetite and investment horizon. Lastly, despite all research and planning, keeping in touch with a financial advisor for personalized advice taking your specific circumstances into consideration would be beneficial.

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Watch: G20 Summit in Delhi: Nine facts you need to know about the global forum

 (Views expressed by the investment expert are his/her own. E-mail us your investment queries at askmoneytoday@intoday.com. We will get your queries answered by our panel of experts.) 

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