27M -- software engineer, recently crossed the ₹1 Cr net worth milestone 🎉
I am 27 year old senior software engineer working remotely in a tier 2 city and married. I recently hit 1 cr milestone (and I am very happy about it)
Current breakup roughly:
~₹68L in stocks/other brokers
~₹10L in bonds
~₹6L EPF
~₹16L in bank/savings
Very little MF exposure
No real estate since i don't understand it ( I live in my parents house ( worth around 1.5 cr)
I now get 4.5L every month worth of salary.
Expenses are around 50k stretching hard.
My parents are well off and I don't need to support them financially ( as they rely on rental income etc)
I have a sister studying and i might need to support her marriage in 3-4 years partly (although parents might around 25L-30L of savings by then) .
Now I’m confused about the next phase — how should I structure future investments from here onward?
Goals:
Long-term wealth creation
Financial independence
Good balance between growth and safety
Questions:
How would you allocate fresh monthly investments if you were in my position?
Should I increase mutual funds/index funds instead of direct stocks?
How much cash/emergency fund is reasonable to put in bank?
How should I change my asset allocation ideally in this position.
Thanks