Hi fishes,
Posting something other than referrals and salary packages for the first time.
I'm 26F earning 14 lpa and my husband earning 17lpa. We do invest in MFs and small cases and direct stocks as well. We are not planning to buy a house / car yet. But if we have to buy a house in let's say the next 10 years (Without taking down payment from parents 😂) how do we strategize our money investments? I guess this is quite an open ended question but would love to get your insights if any.
Thanks

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Start a SIP in MF or index funds of 10k every month. Consistently invest, so in the next 5-7 years you will accumulate considerable money for down payment. For long term i.e. 5+ years or investment MFs are really good that will yield you around 12% interest.
Suggestion: Go for nifty 50 or nifty next 50 Index based passive funds. It has less cost and stable returns over 5years+ of span(don't worry about everyday market fluctuations). MF are NOT BAD if you know what you do!
ATB🔥✌️

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Hey, thanks for your reply. Would help a lot if you would let me some index funds which gave you good returns

Target for 20% downpayment, for a flat of 1.2 cr, that is approx 24Lac. What duration are you looking at, what are the current savings? For saving 24 lac in 5 years, (I don't think 10years will be a safe bet given the house prices increase) .
For getting 24 lac in 5 years, the maths says to have roughly 5 lac per year, which is around 40thousand p.m. If you don't have any liabilities I think thats very well possible with your current salary. If I were you, I would start a dedicated SIP of 50,000 p.m r.n. Start looking for a flat immediately, where the possession is in 2027/8, you will get great deals and won't have to pay lumpsum upfront. Also look for project with No-pre emi. That will save lakhs. The key detail now will be selecting the area, I think you should start looking for flat now and manage finance around it.

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The question demonstrates lack of awareness about the issue. What you will pay is secondary, your asset building is primary. If you invest that money in stocks/mf it will have better result than being invested in REAL estate.

TCS

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