My knowledge about investing is close to nothing. Successfully ran a elearning business for the last 10 years, as my small business clients are out of business or reducing expenditure, I’m out of business.
I have some debts too. Now, I have a property( my last asset) on which I’m borrowing 20 lakhs for 11 month period.
Purpose: to start a small venture which gives me a decent return.
However, I require INR 5 lakhs to be invested on business now, and the business may require some pumping in for marketing and sales in later stages.
Could guys kindly advise where should I invest my remaining money of INR 15 lakhs (WHERE AND HOW). I’m considering mutual funds( as they provide decent returns and it doesn’t have a lockin period). Could you add an advice on how to vigilant in this present turbulent times too?
Monthly payout as interest for the amt borrowed will be 40k only. My business returns + mutual funds income = should take care of my monthly expenses( interest + my expenses) and growth.
As my business grows, then there shouldn’t be problem. Kindly suggest as I can’t afford to make mistakes at this juncture ( though my mindset is always ready to take calcuated risks).I look forward to your valuable suggestions.