Advice

What should I do if I have 10k to invest?

by Author

What should I do if I have 10k to invest?

Below are some of my best recommendations for how to invest 10k.

  1. Stash it in a high-yield savings account.
  2. Start or add to your emergency fund.
  3. Try out a self-directed brokerage accounts.
  4. If you’re a beginner, stick with mutual funds and exchange-traded funds (ETFs)
  5. Use a robo-advisors for hands-off investing.

Where can I invest 10000 per month?

Anything beyond 10+ years is generally treated as the long term. SIP mutual fund options for this would include debt funds, equity funds, international funds, and ELSS funds….Best SIP Mutual Funds For 10 Years Investments

  • ICICI Prudential Corporate Bond Fund.
  • Axis Money Market Fund.
  • HDFC Money Market Fund.

Which is the most profitable SIP in India?

Large-Cap Schemes

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Scheme Name 5-Year Monthly SIP 10-Year Monthly SIP
ICICI Pru Top 100 Fund (G) Rs.9,41,591 Rs.27,57,958
Quantum LT Equity Fund (G) – Direct Plan Rs.9,15,695 Rs.28,82,955
Reliance Growth Fund (G) Rs.10,75,057 Rs.30,73,348
SBI BlueChip Fund – Reg (G) Rs.9,55,955 Rs.28,57,343

Is it possible to invest in SIP in India?

It is possible only when you know how to invest in SIP in India. Also, it is wrong to exit your funds or stop the SIP even when the market is under-performing. There is more to it! Systematic Investment Plans (SIPs) help in both market cycles- during profits and during losses.

How much of your monthly salary should you invest in SIP?

Let’s say your monthly salary is Rs. 60,000/- and you set aside 10\% of your monthly salary towards an SIP. A detailed investigation on the largest mutual funds in the country will help you see how a number of funds have consistently outperformed the overall market over a large period of time.

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How do I choose a good mutual fund for SIP?

The mutual fund has been in duration for at least 5 years (the longer, the better). Always choose a reputed fund house. There are several fund families or fund houses in India such as Reliance, HDFC, SBI, Birla Sun Life etc. So, if you are able to recognize any of them, you are probably good to go. SIP should be in conjunction with your bank.

How long should I invest Rs 10000 in equity funds?

Note – It’s assumed that if investing Rs 10000 in equity funds, you have already taken care of debt investments (via PF, PPF, etc.) in accordance with your asset allocation based investment plan. It is also assumed that you wish to invest for at least 5 years.

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