Starting from absolute zero: Just got ₹25-30L to invest but have no financial knowledge. Please guide me.
Hey everyone,
I’m writing this because I’m feeling a mix of immense gratitude and absolute panic right now.
For the past couple of years, my dad kept telling me to sit down, read up, and learn how managing money and investing works.I pushed it off. I thought I’d figure it out later. I just didn't listen.
Well, later is today. My dad just informed me that he is giving me around ₹15 to ₹20Lakhs to invest for my future. He’s trusting me to make the right decisions and let this money grow safely.
The honest truth? I am completely clueless. I don't know any financial terms, I don't know where to go, and the thought of making a stupid mistake and losing my family's hard-earned money is genuinely terrifying me. I feel incredibly guilty that I didn't take his advice seriously when he told me to learn.
I want to do right by him, but I am starting from absolute zero.
What are the safest, most reliable ways to grow money for the long term?
Are there any simple, easy-to-understand resources where a complete beginner can learn the basics?
I’m not looking to get rich overnight. I just want to learn how to handle this responsibly so I don't let my dad down.
Really appreciate any step-by-step advice or guidance you can give me.
Thank you so much.