How much should i save from my salry for securing post retirement life and all general commitments before that. I'm 30 now. Assume no Inheritance. Current in hand 1.85 lpm

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There are 3 options...OPTION 1 - save 50% of ur income, rational is whatever u r sending save exactly same, invest in instruments which fetches at least same as the inflation rate...but also u can take high risk on investing 25%(rest 25% invest conservatively)... OPTION 2 - ideally we may not be able to save 50%, save at least 40% (spending 60%), take little more risk, invest there where u will fetch more than inflation... OPTION 3 - Are u paying Emi to meet ur need not want (decent flat is need, luxury apartment is want...decent phone is need but apple iPhone is want) ??? Please keep ur emi under 33% of ur income, family expense under 33%, save at least 33%...in this case u can not take much risk but as u r saving less, u cannot make any mistake, invest smartly to beat inflation....Try to close ur emi as soon as possible, whenever u get hike/bonus, prepay aggressively...........as u can see, OPTION 1 > OPTION 2 > OPTION 3.........please make a decision based on ur current emi, family expense and spendings.....good luck

I personally do not like active mutual funds....invest only and only in index funds, nifty and bank nifty....and then stocks.....but before that have 6 months salary in liquid fund or in fixed deposit as emergency fund....make sure u have a good medical and life insurance ( life insurance sum assured shud not be less than 6 times of ur anual income).....make sure u are saving enough in epf (if ur basic is low, plz use vpf) and NPS (at least 50k anualky or 10% of ur basic)......Now comes investment, let us say, u r left with 1.8 lac per month in hand then 60k (at least 33%) must go towards investment.....30k in equity(nifty, bank nifty, selective stock only consistent compounders - no mid/small cap/penny/cheap stock), 30k in recurring deposit.... whenever market is down, liquidate ur reccuring deposit and invest in nifty, bank nifty, stocks.......Sometime, if u r too sure on some small cap or undervalued or cyclical stocks such as heromotocorp (auto stocks are down since for long) then u can invest a part of the liquidated Rd amount in such stocks during bear phase....otherwise continue with ur monthly investment....yes u can choose 1 or 2 mutual funds invest in USA stocks to dicersify..... otherwise nifty, bank nifty and few selected stocks are enough for investment ( plz note it is not trading ).......hope it helps

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