@Ishu said in What are best investment options for salaried person in India?:
Although, I believe for senior citizens FDs is a decent option. But, for young salaried persons, one can look beyond FDs as well.<
100% agree. Seniors should not invest heavily on equity as it requires long term to generate wealth. Debt Funds + FD are good options for them.
Guest said in What are best investment options for salaried person in India?:
@Tarun A good basket of Debt and Equity is a well tried and tested formula. Mutual Funds, PPF, other debt instruments, all are equally important in designing a well rounded portfolio regardless of whether you are a salaried person or business
Sure it doesn't hurt to have all eggs in different baskets. The most important part (for young especially) is to focus on the goals that one needs to achieve. Not based on parents' money but on your early investment.
Shalini-Chopra said in What are best investment options for salaried person in India?:
@Tarun One thing, I want to point out is PPF shouldn't be equated with mutual funds.
No no, what I generally meant is that MF also offer the same tax deduction + tax free option like what PPF has. That's ELSS fund.
No no, I just took PPF on the view of 80C tax deduction and tax free returns which Mutual Funds offers the same. In fact, PPF has a locked-in period for many years, but ELSS MF has a 3 years lock-in period. That's another advantage.
Rajiv-Mishra said in What are best investment options for salaried person in India?:
@Tarun @Ishu I feel one should plan and invest in a house as soon as possible. If you already have one, that's great. But, if you don't have you must think of getting one.
For salaried people especially middle class, it is a dream come true if we have our own house. I am from the same background and I can feel the pinch of living in a rented house since my childhood days.
Now, I have a good job. So, I am thinking of putting my surplus money into my own house. I am applying for loan also since I don' t have that much investment to put.
So, if you ask me, "investment in my own home" shall be the best for me. Everybody has their own priorities. It's just that best investment options can vary from person to person
Indeed having a home is a perfect place for you and your family. Try to make it as asset, not as liabilities.
Let me share a suggestion, and not sure if it's good or bad for you. If it's a residential house, discuss with your family if agree to rent out 1 BHK or 2BHK to have another fixed monthly income (just to have a convenient additional income against your loan or monthly bills or investment for future). Otherwise, you don't have to and manage in some other ways. Peace!