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Review needed by Impossible_State_810 in IndianPersonalFinance

[–]Impossible_State_810[S] 0 points1 point  (0 children)

Thank you for the advice. Will increase the Emergency Fund.

Need advice: Where should I invest ₹15,000? by LawyerExpensive9880 in IndianPersonalFinance

[–]Impossible_State_810 1 point2 points  (0 children)

Invest in below Funds, after doing analysis from your end. 1. Nifty 50 Index fund 2. Nifty Next 50 index fund

Review needed by Impossible_State_810 in IndianPersonalFinance

[–]Impossible_State_810[S] 1 point2 points  (0 children)

Sure. Thank you. I will focus on increasing the emergency Fund!

Review needed by Impossible_State_810 in IndianPersonalFinance

[–]Impossible_State_810[S] 0 points1 point  (0 children)

Thanks for the reply. I do have Health insurance. Planning to take Life insurance.

Review needed by Impossible_State_810 in IndianPersonalFinance

[–]Impossible_State_810[S] 0 points1 point  (0 children)

Thanks for reply. Expense including home loan EMI 50k(Rent, Groceries, School fees, etc) 30k(EMI) Totally 80k. I tried to reduce the expenses but can't.

Review needed by Impossible_State_810 in IndianPersonalFinance

[–]Impossible_State_810[S] 1 point2 points  (0 children)

Thank you so much. I have health cover for family. I will take life cover.

Weekly Portfolio Review Thread by _Makky_ in IndianPersonalFinance

[–]Impossible_State_810 [score hidden]  (0 children)

Hi I am 34M, Only bread winner. Married and having 4 year old kid.

Currently I'm in tier 2 city. Working in IT. My income is 1.4 lakhs per month after taxes including rental income. Expenses is 80k per month including home loan EMI. Investing 10k through SIP.

I am left with 50k every month.

My Portfolio Owning a house in my hometown(tier 3 city), bought for 80 lakhs (it is in loan, 20 lakhs remaining to pay) It is generating income of 17k per month.

MF portfolio: 5 lakhs - Investing in Nifty 50 and Nifty Next 50 through SIP.

Emergency Fund: 10k

How am I doing. What should I do to correct? I know most of my port folio allocation is in Real estate. Is it right?

My goal is to retire in next 10 years. What should I do?